Latin America Airline (LTM) Plans Return to US Capital Markets - Bloomberg

Latin America Airline (LTM) Plans Return to US Capital Markets - Bloomberg

Latin America’s largest airline is planning a return to US capital markets after cutting nearly $4 billion of debt during a years-long restructuring.

Latam Airlines Group SA will seek to re-list its American depositary receipts on the New York Stock Exchange this year after they were suspended during the bankruptcy, Chief Financial Officer Ramiro Alfonsín said in a video interview. It also expects to return to international bond markets next year, he said.

The Santiago-based carrier, which emerged from Chapter 11 in November, is trying to reduce debt-to-earnings ratios even as it adds routes to its network.

“We have a good opportunity for the market to recognize and better understand the new Latam,” Alfonsín said. “In 2024, it’s likely we’ll start to address the question of refinancing.”