LATAM Airlines S A : Extraordinary Shareholders Meeting Presentation 2022
November 14, 2022
Share
November 15, 2022
Extraordinary
Roberto Alvo
CEO
Shareholders' Meeting
On November 26, 2021, LATAM filed a Plan of Reorganization that considered a capital increase of approximately US$10.3 billion to emerge from Chapter 11, which was approved by the court on June 18th and by shareholders on July 5th of the current year
Capital increase
~US$10.3 BILLION
NEW FUNDS
CLAIMS' SETTLEMENT
CONVERTIBLE
DEBT
~US$5,442
~US$4,851
million
million
Equity Right
Convertible Notes
1
Offering (ERO)
1
Series G
US$800 million
(Class A)
~US$1,257 million
Convertible Notes Series H
2
(Class B)
~US$1,373 million
Convertible Notes Series I
Convertible Notes Series I
3
(Class C)
2
(Class C)
~US$3,269 million
~US$3,594 million
CLAIMS' SETTLEMENT
NEW FUNDS
NEW CORPORATE
NEW DEBT
NOTES
UF 3,818,042
US$2,750
million
1 New Corporate Notes
1 New Revolving
UF 3,818,042
Credit Facility (RCF)
US$500 million
2
Issuance of debt
instruments
US$2,250 million
2
Summary of the placement of the instruments approved in the Shareholders' Meeting
With respect to the instruments that raised new funds (ERO¹, Convertible Notes Series H and I), the results of the POP² and the creditors' election were the following:
The remainder to be placed was backstopped by the Backstop Parties:
•
•
•
¹
²
3
Shareholder Structure as of the Record Date and Pro-Forma Shareholder Structure (if 100% of all 3 series of Convertible Notes were to be converted)
4
On November 3rd, LATAM successfully emerged from Chapter 11 with improved cost and capital structures
$2.2
+70%
$1.1
$1.3
$1.1
Note: May not sum due to rounding; 1 "At Filing" refers to 5/25/2020 petition date debt balances; 2 "At Emergence" is pro forma for financing transactions related to emergence. Cash balance based on assumed cash as of
12/31/2022 based on publicly available information; 3 Includes cash & cash equivalents and revolving credit facility capacity.
5
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LATAM Airlines Group SA published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 19:13:07 UTC.
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries. It operates through two segments: the Air transportation business and the Coalition and loyalty program Multiplus. It Air transportation segment corresponds to the route network for air transport. Its segment of Coalition and loyalty program called Multiplus is a frequent flyer programs, which operate as a unilateral system of loyalty that offers a flexible coalition system. The Company operates a fleet of over 329 aircrafts. Its passenger aircrafts include Airbus A319-100, Airbus A350-900, Boeing 767-300ER, Boeing 787-8, Boeing 787-9 and Boeing 777-300ER.
LATAM AIRLINES GROUP S.A. 
