LATAM AIRLINES GROUP S.A. ANNOUNCES PRICE OF SENIOR UNSECURED NOTES OFFERING
05 Février 2019 - 12:14AM
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.
LATAM 2019 - Press Release - Bond
Offering Pricing - ENG
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LATAM Airlines Group via Globenewswire
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