LATAM Airlines Group Now Files Plan of Reornation Out of Chapter 11

RSA ikulemba mgwirizano pakati pa LATAM, omwe tawatchulawa omwe ali ndi zonena zopitilira 70% za makolo osatetezedwa komanso omwe ali ndi pafupifupi 48% ya 2024 ndi 2026 US Notes, ndi ma sheya ena omwe ali ndi ndalama zochulukirapo kuposa 50%, malinga ndi kuphedwa kwa zolembedwa zotsimikizika ndi maphwando ndikupeza zilolezo zamakampani ndi omwe ali ndi masheya. Monga momwe adachitira nthawi yonseyi, makampani onse omwe ali mgululi akupitilizabe kugwira ntchito monga momwe amayendera komanso chilolezo chofuna.

"Zaka ziwiri zapitazi zakhala ndi zovuta padziko lonse lapansi - tataya abwenzi ndi abale, anzathu ndi okondedwa athu. Ndipo takhazikika pomwe maulendo apadziko lonse lapansi komanso maulendo apamtunda zidayimitsidwa ndi vuto lalikulu lomwe silinakumanepo ndi bizinesi yathu. Ngakhale kuti ndondomeko yathu siyinathe, tafika pachimake chovuta kwambiri panjira yopita ku tsogolo labwino lazachuma," atero a Roberto Alvo, Chief Executive Officer wa LATAM Airlines Group SA. njira yolumikizirana yolimba kuti ikwaniritse izi, zomwe zimapereka malingaliro abwino kwa onse okhudzidwa ndi dongosolo lomwe limatsatira malamulo a US ndi Chile. Kulowetsedwa kwawo kwa ndalama zatsopano mubizinesi yathu ndi umboni wakuthandizira kwawo komanso kukhulupirira ziyembekezo zathu zanthawi yayitali. Ndife othokoza chifukwa cha gulu lapadera ku LATAM lomwe lalimbana ndi kusatsimikizika kwazaka ziwiri zapitazi ndikupangitsa bizinesi yathu kupitilizabe kugwira ntchito ndikutumikira makasitomala athu momasuka momwe tingathere. "

Konzani mwachidule

Dongosololi likufuna kulowetsedwa kwa $ 8.19 biliyoni mgululi kudzera pakuphatikiza ndalama zatsopano, zolemba zosinthika, ndi ngongole, zomwe zithandizire gululo kutuluka Mutu 11 ndi capitalization yoyenera kuti ikwaniritse dongosolo lawo labizinesi. Zikangotuluka, LATAM ikuyembekezeka kukhala ndi ngongole yonse pafupifupi $7.26 biliyoni1 ndi ndalama pafupifupi $2.67 biliyoni. Gululi latsimikiza kuti iyi ndi ngongole yosunga ndalama komanso ndalama zoyenera panthawi yakusatsimikizika kwa ndege zapadziko lonse lapansi ndipo zidzapangitsa gululo kupita patsogolo.

Mwachindunji, Plan ikufotokoza kuti:

• Pambuyo potsimikizira Pulani, gululi likufuna kukhazikitsa ndalama zokwana madola 800 miliyoni za ufulu wofanana, zomwe zitsegulidwe kwa onse omwe ali ndi LATAM molingana ndi ufulu wawo woyambirira pansi pa malamulo a Chile, ndikuyimitsidwa kwathunthu ndi maphwando omwe akugwira nawo ntchito mu RSA, malinga ndi kukwanilitsa zolembedwa zotsimikizirika, ndi kulandila zivomerezo zamakampani;

• Magulu atatu osiyana a manotsi osinthika adzaperekedwa ndi LATAM, zonse zidzaperekedwa mwadala kwa omwe ali ndi LATAM. Kufikira pomwe sanalembetsedwe ndi omwe ali ndi masheya a LATAM panthawi yaufulu wotsatiridwa:

o Convertible Notes Kalasi A idzaperekedwa kwa ena omwe ali ndi ngongole osatetezedwa a kholo la LATAM pothetsa (dación en pago) pazofuna zawo zololedwa pansi pa Mapulani;

o Convertible Notes Class B idzalembetsedwa ndikugulidwa ndi omwe atchulidwa pamwambapa; ndi

o Convertible Notes Kalasi C idzaperekedwa kwa omwe ali ndi ngongole osatetezedwa kuti agulitse ndalama zatsopano ku LATAM ndi kubweza zodandaula zawo, malinga ndi zolepheretsa zina ndi zoyimitsidwa ndi maphwando obwerera mmbuyo.

• Ndalama zosinthidwa za Convertible Classes B ndi C zidzaperekedwa, kwathunthu kapena pang'ono, poganizira zopereka zatsopano zandalama zokwana pafupifupi $4.64 biliyoni zomwe maphwando a RSA adzalandire, malinga ndi kulandiridwa ndi kubwezera kumbuyo omwe ali ndi masheya pazovomerezeka zamakampani;

• LATAM ipeza ndalama zokwana madola 500 miliyoni zangongole zatsopano komanso pafupifupi $2.25 biliyoni pakubweza ngongole zandalama zatsopano, kuphatikiza ngongole yanthawi yatsopano kapena ma bond atsopano; ndi

• Gululi linagwiritsanso ntchito ndipo likufuna kugwiritsa ntchito ndondomeko ya Mutu 11 kuti akonzenso ndalama kapena kusintha ma lease a gulu, ngongole yozungulira, ndi malo osungira injini.

Zina Zowonjezera

Mlandu wovomereza kukwanira kwa Chigawo 11 Chowululidwa ndi kuvomereza njira zovota ukuyembekezeka kuchitika mu Januware 2022, ndipo nthawi yake ikudalira kalendala ya Khothi. Ngati Chidziwitso Chowululidwa chavomerezedwa, gululo lidzayamba kupempha pomwe lidzafuna chivomerezo cha Dongosolo kuchokera kwa omwe ali ndi ngongole. LATAM ikupempha kuti mlanduwu utsimikizire kuti Dongosololi lidzachitika mu Marichi 2022.

Kuti mudziwe zambiri, LATAM yapanga webusaiti yodzipatulira: www.LATAMreorganizacion.com, kumene ogwira nawo ntchito angapeze zambiri zowonjezera zokhudzana ndi chilengezochi. Gululi lakhazikitsanso foni yofunsira mafunso okhudzana ndi Mutu 11, yomwe ingapezeke pa:

• (929) 955-3449 kapena (877) 606-3609 (US ndi Canada)

• 800 914 246 (Chile)

• 0800 591 1542 (Brazil)

• 01-800-5189225 (Colombia)

• (0800) 78528 (Peru)

• 1800 001 130 (Ecuador)

• 0800-345-4865 (Argentina)

Ilinso ndi imelo yodzipatulira yamafunso okhudzana ndi kukonzanso pa [imelo ndiotetezedwa].

LATAM ikulangizidwa pakuchita izi ndi Cleary Gottlieb Steen & Hamilton LLP ndi Claro & Cia. monga alangizi azamalamulo, FTI Consulting monga mlangizi wa zachuma, ndi PJT Partners monga mabanki osungira ndalama.

The Parent Ad Hoc Group, yomwe imatsogoleredwa ndi Sixth Street, Strategic Value Partners, ndi Sculptor Capital, ikulangizidwa ndi Kramer Levin Naftalis & Frankel LLP, Bofill Escobar Silva, ndi Coeymans, Edwards, Poblete & Dittborn monga alangizi azamalamulo ndi Evercore monga ndalama. wakubanki.

Omwe atchulidwa pamwambapa ali ndi (a) Delta Air Lines, Inc., yolangizidwa ndi Davis Polk & Wardwell LLP, Barros & Errázuriz Abogados, ndi Perella Weinberg Partners LP monga upangiri wamalamulo ndi mabanki osungitsa ndalama, (b) Gulu la Cueto ndi Eblen. Gulu,2 lolangizidwa ndi Wachtell, Lipton, Rosen & Katz ndi Cuatrecasas monga phungu wazamalamulo, ndi (c) Qatar Airways Investment (UK) Ltd., yolangizidwa ndi ndi Alston & Bird LLP, Carey Abrogados, ndi HSBC monga uphungu wazamalamulo ndi osunga ndalama. . Ena mwa omwe ali ndi masheyawa amalangizidwa payekhapayekha ndi Greenhill & Co., LLC ndi ASSET Chile, SA ngati alangizi othandizira azachuma.