Law360 | New LATAM DIP Loan Offer Gets Hard No from Court

Gerard Catalanello, Jim Vincequerra, and Geoffrey Williams are noted for representing QATAR Airways Investments (UK) Ltd. in a $900 million debtor-in-possession loan to LATAM Airlines Group S.A. while in bankruptcy protection in federal court in New York.

Gerard Catalanello, Jim Vincequerra, and Geoff Williams are noted for representing Qatar Airways as a shareholder in the Chapter 11 filing by LATAM Airlines Group S.A. in the U.S. Bankruptcy Court for the Southern District of New York.

Alston & Bird is pleased to announce that the LATAM Airlines Chapter 11 case has been recognized by the International Financial Law Review (IFLR) as “Deal of the Year” in the Restructuring category at its Americas Awards 2023. In the matter, Alston & Bird represented Qatar Airways in its capacity as DIP lender, plan sponsor, and equity security holder.

Alston & Bird is pleased to announce that the LATAM Airlines Chapter 11 case, in which it represented Qatar Airways in its capacity as DIP lender, plan sponsor, and equity security holder, has been recognized by the American Bankruptcy Institute as the first annual “International Matter of the Year.”

Alston & Bird client Lazarus 5 LLC, a secured lender in the Chapter 11 bankruptcy of debtor 305 East 61st Street Group LLC, announced today that it had closed on the court-approved purchase of the debtor’s building and property at 305 East 61st Street, NY, NY, for approximately $50 million.