LATAM Airlines has scheduled a round of investor meetings, starting in Chile on Friday, ahead of a possible Rule 144A/Reg S bond issue in the cross-border market, LatinFinance has heard.
The Chilean airline has hired Bank of America Merrill Lynch and Credit Suisse as the global coordinators and BNP Paribas, BTG Pactual, Natixis, and Santander as the bookrunners to lead additional meetings in Europe and the US, a debt capital markets banker said.
One team will go to Los Angeles on Monday and Boston on Tuesday, while another team will meet investors in London and Switzerland. Both teams will finish in New York on Wednesday, the banker said.
LATAM puts its cross-border plans on hold in October and also scrapped a buyback in $463m notes from its Brazilian business TAM.