LATAM Airlines Group Files Plan of Reorganization, with Support of Key Stakeholders, Paving the Way for Strengthened Capital Structure and Long-Term Sustainability

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Nov 27, 2021

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

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