Legislation360 (September 17, 2020, 2:55 PM EDT) — South American airline LATAM Airways Group SA on Thursday put an amended, $2.45 billion debtor-in-possession financing bundle earlier than a New York chapter courtroom after its earlier plan was rejected.Whereas the contours of the revised plan are much like the airline’s authentic deal, the newest model eliminates an fairness swap possibility that drew objections from the courtroom and sure LATAM collectors, the airline stated in courtroom filings.The modifications “clear the best way for the immediate approval of the [debtor-in-posession] motions,” LATAM argued, including that approval “stays important to the debtors’ potential to proceed to function their enterprise and to efficiently pursue…
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