Santiago (Chile), September 8, 2025 - LATAM Airlines Group S.A. (“LATAM” or the “Company”), the leading passenger and cargo airline group in South America, announced today the pricing of the previously announced public secondary offering by one of the Company’s shareholders to sell 7,000,000 American Depositary Shares (“ADSs”), each representing 2,000 common shares of LATAM. The selling shareholder has agreed with the underwriters that the ADSs will be sold to investors in the market at a price of $47.60 per ADS. No shares are being sold by the Company, and LATAM will not receive any proceeds from the sale of ADSs by the selling shareholder. The offering is expected to close on September 10, 2025, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC and Barclays Capital Inc. are acting as underwriters for the offering. A registration statement on Form F-3 (the “Registration Statement”), including a prospectus, relating to the ADSs was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 18, 2024 and became effective automatically.
The offering is being made by means of the prospectus in the Registration Statement and a prospectus supplement. You may access these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and the final prospectus supplement, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at 1-866-471-2526 and Barclays Capital Inc., c/o Broadridge Financial Solutions,1155 Long Island Avenue, Edgewood, NY 11717 or by email at barclaysprospectus@broadridge.com.
This press release is for informative purposes only under the current applicable laws and regulations and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.