LATAM Airlines Group S.A. Announces Termination of Cash Tender Offer for 7.375% Senior Guaranteed Notes Due 2017 of TAM Capital Inc. and 8.375% Senior Guaranteed Notes Due 2021 of TAM Capital 3 Inc.

20/10/2016 06:15

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.