LATAM closes 777 financing

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

LATAM Airlines group has closed financing on the first of two Boeing 777-300ER aircraft under Carobao Leasing, a $287.78 million US Export Import Bank bond arranged by Crédit Agricole Securities and Goldman Sachs.

The group received MSN 38886, a 777-300ER equipped with GE90-115BL engines on 30 August.

LATAM priced the aviation market's first 100% prefunded US Export Import Bank bond offering earlier this month and will use the funds to purchase the two aircraft. The bond carries a coupon rate at 1.829%. Crédit Agricole Securities and Goldman Sachs are joint structuring agents and bookrunners of the 12-year facility.

The second aircraft as part of this mandate, MSN 38887, is expected to be delivered on 17 September.