Sixth Street Partners Sells $742.8M in LATAM Airlines ADSs, Reduces Stake to 13.2%
LTM has more than doubled off its 52-week low of $26.36 on elevated volume (2.8× avg).
Summary
Sixth Street Partners, a major shareholder, disclosed the sale of 12 million American Depositary Shares (ADSs) for $742.8 million, reducing its ownership in LATAM Airlines Group S.A. to 13.2%.
Key Events · Ownership and Investor Activity · LTM
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Major Shareholder Sale
Sixth Street Partners, through Lauca Investments, LLC, sold 12 million American Depositary Shares (ADSs) at $61.90 per ADS.
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Transaction Value
The sale generated $742.8 million in proceeds for Sixth Street Partners.
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Reduced Ownership
Following the sale, Sixth Street Partners' beneficial ownership in LATAM Airlines Group S.A. decreased to 13.2% of the outstanding common stock.
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Lock-Up Agreement
Sixth Street Partners entered into a 45-day lock-up agreement, restricting further sales of its remaining shares.
Analysis · LTM · Energy & Transportation
This Schedule 13D/A filing formally details the disposition of a significant portion of LATAM Airlines Group S.A. shares by major investor Sixth Street Partners. The sale of 12 million ADSs, valued at $742.8 million, represents a substantial reduction in their stake, bringing their ownership down to 13.2%. While the secondary offering itself was previously announced in filings on February 10th and 11th, this 13D/A provides the specific ownership update and confirms the terms from the selling shareholder's perspective. The accompanying 45-day lock-up agreement on remaining shares provides a temporary period of stability regarding further sales from this investor. Investors should note the significant capital outflow from a major institutional holder.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LTM was trading at $61.37 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $18B. The 52-week trading range was $26.36 to $70.42. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.