Citigroup Financial Products Continue to Transfer Claims in LATAM Airlines Group SA
January 7, 2022, Southern District of New York – Thracia, LLC and Third Point Loan, LLC file transfer agreements with the United States Bankruptcy Court for Southern District of New York, recording the partial transfer of the claims of Citigroup Financial Products against LATAM Airlines Group SA. Specifically, the investment advisory firms acquire the following claims against the airline group.
|Claim No.||Claim Amount||Transferee|
|4405||$9,009,471.50||Third Point Loan, LLC|
|4686||$4,455,343.58||Third Point Loan, LLC|
|4639||$3,684,177.65||Third Point Loan, LLC|
|4387||$4,795,316.64||Third Point Loan, LLC|
On May 26, 2020, LATAM Airlines Group SA and 28 affiliated debtors filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The cases are pending before the Honorable Judge James L. Garrity Jr. and are jointly administered under Case No. 20-11254.