Simpson Thacher Represents Goldman Sachs and J.P. Morgan in LATAM Airlines Group’s $800 Million Equity Rights Offering
11.03.22
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In connection with LATAM Airlines Group S.A.’s exit from bankruptcy, Simpson Thacher represented Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as placement agents in connection with an equity rights offering by LATAM to subscribe for up to $800 million of new common shares in reliance upon Section 4(a)(2) and Regulation S of the Securities Act. Simpson Thacher previously represented the Joint Lead Arrangers and Joint Book-Running Managers in connection with LATAM’s $2.75 billion debtor-in-possession financing and the Initial Purchasers in connection with LATAM’s private offering of $1.15 billion of Senior Secured Notes.
LATAM Airlines Group is one of the largest airline groups in the world in terms of network connections, providing scheduled passenger transport and cargo service to approximately 141 destinations in 23 countries.
The Simpson Thacher team included Juan Francisco Mendez, Alejandro de Ramon-Laca and Juan Pablo Guzman (Capital Markets); Sandy Qusba and Nick Baker (Restructuring); Jeanne Annarumma (ERISA); and Michael Mann (Tax).