LATAM closes first airline securitisation in a decade
LATAM Airlines, the company formed following the record-breaking merger between Chile’s LAN and Brazil’s TAM, has turned to the New York office of Clifford Chance LLP, Chile’s Claro y Cía and Maples and Calder in the Cayman Islands to issue a securitisation bond worth US$450 million – the first such transaction to close in the Latin American aviation sector in over a decade.
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