Major Shareholder Finalizes $742.8M Secondary ADS Offering Terms

summarizeSummary

LATAM Airlines Group S.A. filed the definitive Underwriting Agreement for a $742.8 million secondary offering of 12 million ADSs by Sixth Street Partners, finalizing the terms and pricing of the previously announced sale.

check_boxKey Events

• Underwriting Agreement Filed

  The company filed the full Underwriting Agreement for the secondary offering of 12,000,000 American Depositary Shares (ADSs) by Sixth Street Partners entities.

• Offering Terms Finalized

  The agreement, dated February 9, 2026, confirms the public offering price of $61.90 per ADS, finalizing terms initiated with a preliminary prospectus on 2026-02-09.

• Significant Shareholder Sale

  The offering represents a substantial liquidation of approximately $742.8 million by a major institutional shareholder, with no proceeds going to the company.

auto_awesomeAnalysis

This 6-K filing provides the definitive Underwriting Agreement for the secondary offering of 12 million American Depositary Shares (ADSs) by Sixth Street Partners entities. The agreement, dated February 9, 2026, formalizes the terms and pricing of the offering at $61.90 per ADS, following a preliminary prospectus filed on 2026-02-09. This transaction, valued at approximately $742.8 million, represents a substantial liquidation by a major institutional shareholder. As a secondary offering, the company itself does not receive any proceeds, which can be viewed negatively by investors as it increases the outstanding share count without providing new capital for corporate operations.