M&A - LATAM AIRLINES GROUP S.A.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025087925

Filing Summary: This Amendment No. 2 updates the Schedule 13D originally filed on November 3, 2022, and amended on July 26, 2024, concerning shares of Common Stock of LATAM AIRLINES GROUP S.A. On June 16, 2025, Lauca Investments, LLC entered into an underwriting agreement with J.P. Morgan Securities LLC to sell 6,353,259 American Depositary Shares (ADS) representing 2,000 shares of Common Stock each at a price of $36.55 per ADS. The underwriting agreement entails a lock-up period of 45 days during which Lauca cannot engage in selling or transferring any of the Lock-Up Securities. The transaction is part of an automatic shelf registration statement filed on July 18, 2024. The offering closed on June 18, 2025. The report also incorporates updates regarding ownership percentages and previous transactions related to the common stock.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925060761

Filing Summary: On June 16, 2025, Strategic Value Partners, LLC entered into an Underwriting Agreement with J.P. Morgan Securities LLC for the sale of 3,646,741 American Depositary Shares (ADSs) of LATAM Airlines Group S.A., each representing 2,000 shares of Common Stock. The price per ADS was set at $36.55, culminating in an offering that closed on June 18, 2025. A lock-up agreement was also established, preventing the Funds from selling, pledging, or engaging in transactions involving the ADSs during a 45-day period post-offering. The ownership percentage was calculated based on 604,441,789,335 outstanding shares as of June 17, 2025, as noted in the Issuer's Prospectus Supplement.