LATAM Airlines Group is reopening its 2026 bond and seeking to buy back up to $300 million of its 2020 notes.
The 2020 notes carry an interest rate of 7.25%, according to the tender offer, while the 2026 notes are priced at 7.0%. LATAM will use the debt offering to raise available cash.
Goldman Sachs and JP Morgan are deal managers for the transaction.
The tender closes on 24 July, the offering memorandum shows.
Source: Cirium Dashboard