This follows the pricing of a secondary public offering by certain shareholders of the company to sell 19,000,000 American Depositary Shares (ADRs).

LATAM Airlines Group, one of the main passenger and cargo airline groups in South America, announced yesterday the reopening and new listing of its ADR program on the New York Stock Exchange (NYSE), starting this December 25. July.

This occurs following the pricing of a secondary public offering by certain shareholders of the company to sell 19,000,000 American Depositary Shares (ADRs), each representing 2,000 LATAM common shares, at a public price of US$ 24 for ADR.

The ADRs are expected to begin trading on the New York Stock Exchange (NYSE) on July 25, 2024 under the symbol "LTM." This operation marks the return of LATAM Airlines Group to the NYSE, following its departure in June 2020 after entering a restructuring process under Chapter 11.

Regarding the underwritten offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,850,000 ADRs at the initial public offering price.

LATAM will not receive any income from the sale of ADRs by the selling shareholders. The offering is expected to close on July 26, 2024, subject to the satisfaction of customary closing conditions.

Goldman Sachs, Barclays Capital and JP Morgan Securities are acting as global coordinators and lead bookrunners on the offering.

Citigroup Global Markets Inc., Santander US Capital Markets, Deutsche Bank Securities, BNP Paribas Securities, MUFG Securities Americas, Natixis Securities Americas and Larraín Vial are acting as additional underwriters and Morgan Stanley is participating as co-manager in the transaction.