LATAM Airlines Group has successfully issued USD1.4 billion worth of secured notes, maturing in 2030 at an annual interest rate of 7.875%.

By refinancing its debt, LATAM will reduce its cost of debt while generating annual savings of approximately USD83 million in lower interest payments, the company said in a material fact filed to Chile’s financial market regulator (Comisión para el Mercado Financiero – CMF).

With the funds obtained from this issuance and USD200 million in cash, LATAM

Source: ch aviation
Read more: LATAM refinances debt via .4bn secured notes issuance