LATAM Airlines Boosts Credit Facilities to $1.55 Billion

LATAM Airlines (LTMAY) has released an update.

LATAM Airlines Group S.A. has successfully amended its revolving credit facilities, increasing the total amount to $1.55 billion with an extended maturity date to July 2029. These strategic financial maneuvers also involve the addition of new lenders, modifications to interest rates and fees, and adjustments to the collateral securing the facilities. The facilities remain undrawn, ensuring full availability of funds for the company.

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