Latin Lawyer: LATAM obtains US$3.7 billion super-priority DIP financing
United States | In the media | April 27, 2022
Latin Lawyer covers the recent deal in which Norton Rose Fulbright, along with Cleary Gottlieb Steen & Hamilton LLP and Holland & Knight LLP, advised on LATAM Airlines' US$3.7 billion super-priority debtor-in-possession (DIP) loan.
The financing closed on April 8, 2022, which was the maturity date of LATAM's existing DIP credit facility. The new US$3.7 billion financing is an amendment and restatement of the prior DIP credit agreement, with revised terms and new lenders.