LATAM Airlines completes debtor-in-possession loanBack
March 24, 2021
LATAM Airlines completes debtor-in-possession loan
Multiple international and Latin American law firms have helped in the closing of LATAM Airlines’ US$2.45 billion debtor-in-possession (DIP) financing, after overcoming several judicial hurdles.
Cleary Gottlieb Steen & Hamilton LLP in New York, Chile’s Claro & Cía, Demarest Advogados in São Paulo, Rodrigo, Elías & Medrano Abogados in Lima, Philippi Prietocarrizosa Ferrero DU & Uría (Peru) and Ecuador’s Pérez Bustamante & Ponce advised the airline.