Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers, led by Citigroup Global Markets Inc., in the $1.02 billion offering of enhanced equipment trust certificates (EETC) backed by 17 aircraft by LATAM Airlines Group S.A. (LATAM). This is the first aircraft-backed EETC in South America and one of only six non-U.S. airlines to issue a modern EETC.

The offering was split between two tranches of $845,213,000 aggregate face amount of 4.200% class A pass through trust certificates and $175,610,000 aggregate face amount of 4.500% class B pass through trust certificates. More >>

Seyfarth Shaw LLP announced today the arrival of partner Gabriel Monzon-Cortarelli to the firm’s Corporate department in New York. Monzon-Cortarelli joins Seyfarth from Greenberg Traurig LLP where he was a shareholder in the Corporate & Securities practice and headed the firm’s Italian Desk.

Monzon-Cortarelli’s practice is focused on corporate, corporate finance and commercial transactions involving public and privately held US, European and Latin America companies. Specifically, he handles complex cross-border mergers, joint ventures and strategic alliances involving US, European and Latin America businesses. In addition, he advises on international capital market offerings for European and Latin American issuers and underwriters. More >>

The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.7 billion secondary offering by certain selling stockholders affiliated with The Blackstone Group L.P., consisting of 90,000,000 shares of common stock at a public offering price of $29.85 per share. More >>

Davis Polk advised the several underwriters in connection with an SEC-registered offering by Atlas Air Worldwide Holdings, Inc. of $224.5 million aggregate principal amount of its 2.25% convertible senior notes due 2022, which included $24.5 million aggregate principal amount of convertible senior notes issued pursuant to the partial exercise of the underwriters’ over-allotment option. In addition, Davis Polk advised the counterparties to convertible note hedge and warrant transactions entered into by Atlas Air in connection with the offering. More >>