Santiago, Chile, February 4, 2019 - LATAM Airlines Group S.A. and its consolidated subsidiaries (“the Company” or "LATAM Airlines Group") (NYSE: LTM / IPSA: LTM), the leading airline group in Latin America, announced today that LATAM Finance Limited (the “Issuer”), an exempted company incorporated in the Cayman Islands with limited liability and a wholly owned subsidiary of LATAM Airlines Group S.A., has priced an offering (the “Offering”) of $600,000,000 aggregate principal amount of 7.000% senior unsecured notes (the “Notes”) at an issue price of 99.309%. The Notes will be unconditionally and irrevocably guaranteed by LATAM Airlines Group S.A. (the “Guarantor”). The Notes will mature on March 1, 2026, unless redeemed earlier in accordance with their terms. Interest on the Notes will be paid on March 1 and September 1 of each year, commencing on September 1, 2019.
Proceeds from the Notes sold in the Offering will be used for general corporate purposes. The Notes will be senior unsecured obligations of the Issuer and the Guarantor. The Offering is subject to customary closing conditions, and there are no assurances that the Offering will be completed.
The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons unless pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.
This communication does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. The Offering will be made only by means of the confidential offering memorandum.