LATAM Airlines Group SA terminates TAM Capital cash tender offer

LATAM Airlines Group SA (NYSE: LFL) (IPSA: LAN), TAM Capital Inc., TAM Capital 3 Inc. and Citigroup Global Markets Inc., have terminated of the previously announced cash tender offer of up to USD462,500,000 aggregate principal amount of TAM Capital Inc.´s 7.375 percent senior guaranteed notes due 2017 and TAM Capital 3 Inc.´s 8.375% senior guaranteed notes due 2021, the companies said.

All notes tendered in the tender offer will be returned to the respective holders thereof without any action required on the part of the holders. No consideration will be paid in the tender offer for any tendered notes.

The sole dealer manager for the tender offer was Citigroup Global Markets Inc.

LATAM Airlines Group SA is a South American airline holding company incorporated under Chilean law and headquartered in Santiago, Chile. The group also has offices in São Paulo, Brazil, with subsidiaries in Argentina, Colombia, Ecuador, Paraguay and Peru.