Kramer Levin Advises Shareholders in $460 Million LATAM Airlines Group Re-IPO and NYSE Relisting

Kramer Levin represented certain shareholders of LATAM Airlines Group S.A. (LATAM), Latin America’s leading airline group, in the approximately $460 million public offering by certain shareholders of 19 million American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM, at a price to the public of $24.00 per ADS. The offering closed on July 26, 2024. Concurrently with the offering, LATAM relisted its ADSs on the NYSE, marking LATAM’s return to the NYSE following its emergence from Chapter 11 in November 2022.

Goldman Sachs & Co. LLC, Barclays Capital Inc., and J.P. Morgan Securities LLC acted as global coordinators and bookrunners. Citigroup Global Markets Inc., Santander US Capital Markets LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., MUFG Securities Americas Inc., Natixis Securities Americas LLC, and LarraínVial Securities US LLC are acting as additional bookrunners. Morgan Stanley & Co. LLC is acting as a co-manager.