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Equity Swap Option Dooms LATAM's $2.2B Ch. 11 Loan

By Rick Archer ( September 11, 2020, 4:09 PM EDT) -- A New York bankruptcy judge has rejected LATAM Airlines' request for $2.2 billion in debtor-in-possession financing, saying the terms of the loan would allow the company to decide "key terms" of the Chapter 11 plan without court approval....

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