Norton Rose Fulbright advises LATAM Airlines Group S.A. on US$200 million pre-delivery payment financing

Global law firm Norton Rose Fulbright has advised LATAM Airlines Group S.A. (LATAM) on a US$200 million pre-delivery payment (PDP) financing supporting the acquisition of 23 Airbus A320neo family aircraft scheduled for delivery in the coming years.

The financing was arranged by Santander Corporate & Investment Banking, acting as Global Coordinator and Bookrunner, Mandated Lead Arranger, Co-Structuring Agent, Facility Agent and Security Agent, alongside Mitsubishi UFJ Financial Group as Co-Structuring Agent and Mandated Lead Arranger.

The team was led by London-based partner Richard Green, supported by associate Mark Turner and trainee solicitor Hugo Davies.

Richard Green commented:

"We are delighted to have worked with the LATAM team on this PDP financing. It was a complex and strategically important transaction for the airline, and we are pleased to have played a part in its successful completion."

Norton Rose Fulbright has an award-winning global aviation practice, advising airlines, lessors, financial institutions and investors on cross-border aircraft transactions, financings and leasing arrangements.