Business

Latam Airlines bondholders negotiate up to $ 1.5 billion in new cash

A bondholder’s group Latam Airlines Group SA is in talks to borrow up to $ 1.5 billion in new money in the company. The loan would be a borrower loan in possession, known as DIP, a type of credit common to Chapter 11 recovery proceedings in the United States.

Source: UOL Economia

Categories: Business