Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 25 2024 - 5:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
July 2024
Commission
File Number 1-14728
LATAM
Airlines Group S.A.
(Translation
of Registrant’s Name Into English)
Presidente
Riesco 5711, 20th floor
Las
Condes
Santiago,
Chile
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form 40-F ☐
LATAM
AIRLINES GROUP S.A.
The
following exhibit is attached:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: July 25, 2024 |
LATAM AIRLINES GROUP S.A. |
|
|
|
|
By: |
/s/ Ramiro
Alfonsín B. |
|
Name: |
Ramiro Alfonsín B. |
|
Title: |
CFO |
2
Exhibit 99.1
MATERIAL
FACT
LATAM
AIRLINES GROUP S.A
Issuer
of securities registered in the Securities Registry
Santiago,
July 24, 2024
Mrs.
Solange
Bernstein Jáuregui
President
Commission
for the Financial Market
Av.
Libertador Bernardo O’Higgins 1449
Present
Ref.:
Communicates MATERIAL FACT
From
my consideration:
In
accordance with article 9 and second paragraph of article 10 of Law No. 18,045 and with General Rule No. 30, both of the Financial Market
Commission, duly empowered to this effect, I inform the following Material Fact regarding LATAM Airlines Group S.A. (“LATAM”
or the “Company”):
| 1. | In
a meeting held on this date, the Board of Directors of the Company approved that the reopening and relisting of its ADR program on the
New York Stock Exchange becomes effective as of July 25, 2024. |
| 2. | On
the date hereof, the shareholders who requested the first secondary sale under the registration rights agreement (the “First
Secondary Sale under the RRA”) have agreed with the banks acting as underwriters thereunder, that the price of such secondary
sale be US$24 per ADR. Given that each ADR represents 2,000 shares of the Company due to the ratio change announced in the material fact
dated July 18, 2024, this results in a price per share of US$0.012. |
| 3. | On
this date, the respective underwriting agreement has been signed between (i) the Company, (ii) the selling shareholders, and (iii) Goldman
Sachs & Co. LLC, Barclays Capital Inc., and J.P. Morgan Securities LLC, acting as global coordinators, placement agents and representatives
of the other underwriters of this secondary sale (i.e., Citigroup Global Markets Inc., Santander US Capital Markets LLC, Deutsche Bank
Securities Inc., BNP Paribas Securities Corp., MUFG Securities Americas Inc., Natixis Securities Americas LLC, LarrainVial Securities
US, LLC and Morgan Stanley & Co. LLC). |
| 4. | The
First Secondary Sale under the RRA was ultimately for 19,000,000 ADRs of the Company, and payment for the same will be made on July 26,
2024. The sellers in this transaction will be the shareholders to be set forth in the filings that will be made with the SEC, which are
listed in the attached Annex. |
Without
further ado, yours sincerely,
Ramiro
Alfonsín B.
CFO
LATAM
Airlines Group S.A.
| c.c.: | -
Santiago Stock Exchange |
-
Chile Electronic Stock Exchange
Annex
Selling
Shareholders
1.
Sixth Street Partners
2.
Strategic Value Partners
3.
Olympus Peak
4.
Monarch Funds
5.
Värde Funds
6.
Marathon Fund
3
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