Latam Airlines plans to return to capital markets after bankruptcy

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Latin America’s largest airline plans to return to the US capital markets after eliminating nearly US$4 billion in debt during a restructuring that spanned several years.

Latam Airlines Group S.A. intends to re-list its American Depositary Receipts (ADRs) on the New York Stock Exchange this year after they were suspended during bankruptcy, Chief Financial Officer Ramiro Alfonsin said during a video interview.

It also expects to return to the international bond markets next year, he anticipated.

The Santiago-based airline, which emerged from Chapter 11 US bankruptcy law in November, is trying to reduce debt-to . . .

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