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 . . .