tiprankstipranks
Trending News
More News >

LATAM Airlines Issues $800 Million Secured Notes to Optimize Debt

Story Highlights
LATAM Airlines Issues $800 Million Secured Notes to Optimize Debt

Don’t Miss TipRanks’ Half-Year Sale

An announcement from LATAM Airlines Group SA Sponsored ADR ( (LTM) ) is now available.

On July 7, 2025, LATAM Airlines Group S.A. announced the issuance of secured notes worth $800 million in the international markets, with an interest rate of 7.625% maturing in 2031. The proceeds from these notes were used to repay $700 million notes maturing in 2029, which had a higher interest rate of 13.375%. This financial maneuver is expected to save the company approximately $33 million annually in interest and result in a one-time impact of $104 million on its income statement in the third quarter. The 2031 Notes are secured and share collateral with previous financing arrangements, and the company has met conditions to release certain collateral related to its cargo business.

The most recent analyst rating on (LTM) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.

Spark’s Take on LTM Stock

According to Spark, TipRanks’ AI Analyst, LTM is a Outperform.

LATAM Airlines’ strong financial recovery and operational efficiency significantly contribute to its score. Positive technical indicators add to the stock’s appeal, though overbought conditions may pose short-term risks. The stock’s reasonable valuation further supports its investment potential.

To see Spark’s full report on LTM stock, click here.

More about LATAM Airlines Group SA Sponsored ADR

LATAM Airlines Group S.A. is a prominent player in the airline industry, focusing on the transportation of cargo and passengers by air. The company operates primarily in the Latin American market, with its principal executive offices located in Santiago, Chile.

Average Trading Volume: 751,299

Technical Sentiment Signal: Strong Buy

Current Market Cap: $12.48B

See more data about LTM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1