LATAM reports cash tender offer for 7.250% senior notes due 2020

Chile-based LATAM Airlines Group S.A. (NYSE: LTM) (IPSA: LTM) has announced the results of its offer to purchase for cash up to USD 300 million principal amount of LATAM´s 7.250% senior notes due 2020, the company said.

According to information received from Global Bondholder Services Corporation, the information agent and depositary for the Tender Offer, as of the Early Tender Deadline, holders of outstanding Notes had validly tendered and not validly withdrawn USD 238,162,000 aggregate principal amount of the Notes in the Tender Offer.

The total consideration for each USD 1,000 principal amount of the Tendered Notes will be USD 1,038. The Total Consideration includes a payment of USD 30 per USD 1,000 principal amount of notes