$700 Million Offering by LATAM Airlines Group

April 11, 2017

Cleary Gottlieb represented the initial purchasers, Merrill Lynch, Pierce, Fenner & Smith Incorporated; Credit Suisse Securities (USA) LLC; Banco BTG Pactual S.A. – Cayman Branch; BNP Paribas Securities Corp.; Natixis Securities Americas LLC and Santander Investment Securities Inc. in a debt offering by LATAM Airlines Group, the leading airline group in Latin America.

The transaction consisted of an offering of $700 million 6.875 percent senior notes due 2024 issued and sold by LATAM Finance Limited, a finance subsidiary of LATAM, and that were guaranteed by LATAM. The transaction priced on April 6, 2017, and closed on April 11, 2017.