Every 424B that LATAM Airlines Group S.A. American (LTM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow LTM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LTM filings page.
Airlines Group S.A. is registering the resale of 12,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares, to be sold by an existing shareholder at a public offering price of U.S.$61.90 per ADS. The company will not receive any proceeds; all proceeds, before expenses, of about U.S.$739.8 million go to the selling shareholder after underwriting discounts. As of the date of the prospectus supplement, 574,219,895,457 common shares are outstanding and will remain outstanding after the offering. A key shareholder holding about 17% of the common shares will be subject to a 45‑day lock‑up, while other major holders have separate sale limitations extending to November 2026.
Airlines Group S.A. has filed a resale offering in which the selling shareholder is offering 9,000,000 American Depositary Shares (ADSs), with each ADS representing 2,000 common shares. All shares are being sold by the shareholder, so the company will not receive any proceeds.
The ADSs trade on the NYSE and the common shares trade on Chilean stock exchanges. As of the date of the document, 574,219,895,457 common shares are outstanding. A major shareholder holding roughly 17% of the company’s shares will be subject to a 45‑day lock‑up, and about 25% of the company’s shares are subject to separate sale restrictions until November 2026.
LATAM Airlines Group S.A. is offering 15,503,784 American Depositary Shares (ADSs), each representing 2,000 common shares, at a price of U.S.$43.60 per ADS. All ADSs will be sold by selling shareholders and the company will receive no proceeds from the sale. Underwriting discounts are shown as U.S.$0.1874 per ADS (total U.S.$2,905,409.12) and proceeds before expenses to the selling shareholders are U.S.$43.4126 per ADS (total U.S.$673,059,573.28).
The prospectus includes consolidated financial metrics and non-IFRS measures: Adjusted Gross Leverage 2.1x, Adjusted Net Leverage 1.6x, Liquidity U.S.$3,643.6 million, and Adjusted Net Debt U.S.$5,449.7 million for the most recent period presented. The six months ended June 30, 2025 net income was U.S.$598.4 million, of which U.S.$596.9 million is attributable to owners of the parent, up from U.S.$405.2 million for the comparable period in 2024. There are lock-up agreements restricting certain shareholders for 30 days, and the company states material risk factors related to operations, debt servicing, competition, fuel prices, currency fluctuations and regulatory changes.
LATAM Airlines Group S.A. filed a preliminary prospectus supplement on Form 424B7 for a secondary offering in which selling shareholders will offer 15,503,784 ADSs, each ADS representing 2,000 common shares. The company will not receive proceeds from the sale; proceeds will go to the selling shareholders. LATAM's ADSs trade on the NYSE under the symbol LTM and its common shares trade in Chile under the same symbol. As disclosed, 604,441,789,335 common shares will remain outstanding after the offering. Certain selling shareholders representing ~31.0 billion shares (~5% of common shares) will enter into 30-day lock-up agreements; separate shareholder agreements restrict sales of ~25% of shares until November 2026. For the six months ended June 30, 2025, LATAM reported consolidated net income of US$598.4 million (US$596.9 million attributable to owners), up from US$405.2 million a year earlier. Reported liquidity is US$3,643.6 million, Adjusted Net Debt is US$5,449.7 million, Adjusted Gross Leverage is 2.1x and Adjusted Net Leverage is 1.6x. The prospectus defines multiple non-IFRS metrics (Adjusted EBITDAR, Adjusted Operating Income, Adjusted CASK Ex-Fuel, Fleet Cash Cost, Unlevered/Levered Free Cash Flow) and lists material risk factors including debt service ability, macroeconomic and geopolitical risks, fuel price volatility, competition and regulatory changes.