SANTIAGO, Chile, Oct. 20, 2016 /PRNewswire/ -- LATAM Airlines
Group S.A. (NYSE: LFL / IPSA: LAN), TAM Capital Inc., TAM Capital 3
Inc. and Citigroup Global Markets Inc., as offeror, announced today
the termination of the previously announced offer to purchase for
cash (the "Tender Offer") up to U.S.$462,500,000 aggregate principal amount of TAM
Capital Inc.'s 7.375% Senior Guaranteed Notes due 2017 (the "2017
Notes") and TAM Capital 3 Inc.'s 8.375% Senior Guaranteed Notes due
2021 (the "2021 Notes" and, together with the 2017 Notes, the
"Notes"). All Notes tendered in the Tender Offer will be returned
promptly 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 Tender Offer was subject to the conditions set forth in the
Offer to Purchase, dated October 5,
2016, certain of which were not satisfied. This press
release confirms the termination of the Tender Offer.
The Information and Tender Agent for the Tender Offer was Global
Bondholder Services Corporation. To contact the Information and
Tender Agent, banks and brokers may call collect (212) 430-3774,
and others may call U.S. toll-free: (866) 470-3700. The Information
and Tender Agent's email is contact@gbsc-usa.com.
The sole Dealer Manager for the Tender Offer was Citigroup
Global Markets Inc. Any questions or requests for assistance may be
directed to the Dealer Manager at collect: (212) 723-6106 or U.S.
toll-free: (800) 558-3745. In addition, holders may contact their
broker, dealer, commercial bank, trust company or other nominee for
assistance concerning the Tender Offer.
This notice does not constitute or form part of any offer or
invitation to purchase, or any solicitation of any offer to sell,
the Notes or any other securities in the
United States or any other country, nor shall it or any part
of it, or the fact of its release, form the basis of, or be relied
on or in connection with, any contract therefor.
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visit:http://www.prnewswire.com/news-releases/latam-airlines-group-sa-announces-termination-of-cash-tender-offer-for-7375-senior-guaranteed-notes-due-2017-of-tam-capital-inc-and-8375-senior-guaranteed-notes-due-2021-of-tam-capital-3-inc-300348304.html
SOURCE LATAM Airlines Group S.A.