Provides platform for exit from Chapter 11 through a comprehensive Restructuring Support Agreement with Parent Ad Hoc Group and major shareholders
Plan would infuse up to approximately $8.19 billion in new funds into the group through a mix of equity, convertible notes, and debt while complying with both U.S. and Chilean law
Plan would strengthen LATAM's balance sheet, liquidity, and capital structure for go-forward operations
PR Newswire
SANTIAGO, Chile, Nov. 26, 2021