LATAM appoints JP Morgan, BTG Pactual and Credicorpcapital on USD1bn cap increase

LATAM Airlines Group appointed (25-Jun-2013) JP Morgan as global coordinator and BTG Pactual and Credicorpcapital as joint bookrunners in Chile and overseas on its USD1 bilion captial increase, approved by shareholders 11-Jun-2013. Law firm Claro y Cía was appointed as legal advisor in Chile, Sullivan & Cromwell LLP as legal advisor in the US and Machado Meyer Sendaez e Opice Advogados as legal advisor in Brazil. As previously reported by CAPA, LATAM plans to invest the proceeds in fleet expansion and to strengthen its cash position. [more - original PR - Spanish]