Latham Reps Indigo In $145M Frontier Airlines Buy

Law360, New York (October 1, 2013, 12:26 PM EDT) -- Republic Airways Holdings Inc. on Tuesday will send its restructured Frontier Airlines unit to an Arizona-based private equity firm in a deal worth $145 million, squeezing in just before a previously extended deadline for finding a buyer.

Under the deal's terms, Indigo Partners LLC will pay $36 million in cash and assume Frontier's debt load, in addition to pouring unspecified funds into the low-cost carrier soon after the sale closes. The firm did not specify how it would finance the cash portion of its purchase....
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