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Shareholder in Airlines Group (NYSE: LTM) prices 12M ADS sale

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(Neutral)
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Form Type
6-K

Rhea-AI Filing Summary

Airlines Group S.A. announced the pricing of a previously disclosed public secondary equity offering by one of its shareholders for 12,000,000 American Depositary Shares (ADSs) at $61.90 per ADS, with each ADS representing 2,000 common shares.

No shares are being sold by the Company, and Airlines Group S.A. will not receive any proceeds from this sale. The offering is expected to close on February 11, 2026, subject to customary conditions, with J.P. Morgan Securities LLC acting as underwriter under an effective Form F-3 shelf registration.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

February 2026

 

Commission File Number 1-14728

 

LATAM Airlines Group S.A.

(Translation of Registrant’s Name Into English)

 

Presidente Riesco 5711, 20th floor

Las Condes

Santiago, Chile

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F           Form 40-F

 

 

 

 

 

 

LATAM AIRLINES GROUP S.A.

 

The following exhibit is attached:

 

EXHIBIT NO.   DESCRIPTION
99.1   Press Release

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: February 9, 2026 LATAM AIRLINES GROUP S.A.
     
  By: /s/ Ricardo Bottas Dourado
  Name:  Ricardo Bottas Dourado
  Title: Chief Financial Officer

 

 

2

 

Exhibit 99.1

 

LATAM Announces Pricing of Equity Offering

 

Santiago (Chile), February 9, 2026 - LATAM Airlines Group S.A. (“LATAM” or the “Company”), the leading passenger and cargo airline group in South America, announced today the pricing of the previously announced public secondary offering by one of the Company’s shareholders to sell 12,000,000 American Depositary Shares (“ADSs”), each representing 2,000 common shares of LATAM. The selling shareholder has agreed with the underwriter that the ADSs will be sold to investors in the market at a price of $61.90 per ADS. No shares are being sold by the Company, and LATAM will not receive any proceeds from the sale of ADSs by the selling shareholder. The offering is expected to close on February 11, 2026, subject to the satisfaction of customary closing conditions.

 

J.P. Morgan Securities LLC is acting as underwriter for the offering. A registration statement on Form F-3 (the “Registration Statement”), including a prospectus, relating to the ADSs was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 18, 2024 and became effective automatically.

 

The offering is being made by means of the prospectus in the Registration Statement and a prospectus supplement. You may access these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and the final prospectus supplement, when available, may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.

 

This press release is for informative purposes only under the current applicable laws and regulations and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About the Company

 

LATAM Airlines Group S.A. and its affiliates are the leading airline group in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and to the Caribbean, North America, Europe, Africa, and Oceania. The group has a fleet of Boeing 767, 777, 787, Airbus A321, A321neo A320, A320neo and A319 aircraft. The Airbus 330, operated under short-term leases, is also part of the current operations. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brasil are the LATAM group’s cargo subsidiaries. These cargo subsidiaries have a fleet of 20 freighters in addition to access to the cargo hold of the group’s passenger aircraft. They operate within the LATAM group network, as well as on exclusive international routes for cargo transportation.

 

For inquiries about this release, please contact:

 

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-3844

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believes,” “expectations,” “anticipated,” “proposed,” “projections,” “will,” “would,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC.

 

FAQ

What did Airlines Group S.A. (LTM) announce in this 6-K?

Airlines Group S.A. announced the pricing of a public secondary offering of 12,000,000 American Depositary Shares by one of its shareholders at $61.90 per ADS. The transaction is a shareholder sale and does not involve the Company issuing new shares.

How many ADSs are being sold and at what price for Airlines Group S.A. (LTM)?

One shareholder is selling 12,000,000 American Depositary Shares of Airlines Group S.A. at a price of $61.90 per ADS. Each ADS represents 2,000 common shares, and the shares will be sold to investors in the market through a public secondary offering.

Does Airlines Group S.A. (LTM) receive any proceeds from this ADS offering?

Airlines Group S.A. will not receive any proceeds from this transaction because no shares are being sold by the Company. All proceeds from selling 12,000,000 ADSs at $61.90 per ADS go to the selling shareholder, making this a purely secondary offering.

When is the Airlines Group S.A. (LTM) secondary ADS offering expected to close?

The secondary offering of 12,000,000 ADSs in Airlines Group S.A. is expected to close on February 11, 2026. Completion depends on the satisfaction of customary closing conditions typically associated with underwritten public equity offerings in the U.S. markets.

Who is underwriting the Airlines Group S.A. (LTM) secondary ADS sale?

J.P. Morgan Securities LLC is acting as underwriter for the secondary sale of 12,000,000 ADSs in Airlines Group S.A. The ADSs are being offered under an effective Form F-3 shelf registration statement using a base prospectus and a prospectus supplement.

What does each Airlines Group S.A. (LTM) ADS represent in this offering?

Each American Depositary Share in this transaction represents 2,000 common shares of Airlines Group S.A. Investors buying ADSs gain exposure to the Company’s underlying common equity through these depositary receipts rather than directly holding the local-listed common shares.

Under what registration has Airlines Group S.A. (LTM) registered the ADSs?

The ADSs are covered by a registration statement on Form F-3 that includes a prospectus and became automatically effective. The secondary offering is being made using that base prospectus together with a prospectus supplement available through the SEC’s EDGAR system.

Filing Exhibits & Attachments

1 document
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