• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by LATAM Airlines Group S.A.

    7/26/24 6:22:14 PM ET
    $LTM
    Air Freight/Delivery Services
    Consumer Discretionary
    Get the next $LTM alert in real time by email
    SC 13D/A 1 tm2420274d1_sc13da.htm SC 13D/A

     

     Page 1 of 19
    Schedule 13D/A 
    CUSIP No. 51817R205 

     

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

     

    SCHEDULE 13D/A

     

    Under the Securities Exchange Act of 1934

     

    (Amendment No.  2)*

     

    LATAM Airlines Group S.A.

    (Name of Issuer)

     

    Shares of Common Stock without par value

    American Depositary Shares, each representing 2,000 shares of Common Stock 

    (Title of Class of Securities)

     

    51817R2051

    (CUSIP Number)

     

    Gabe Brecher 

    Strategic Value Partners, LLC
    100 West Putnam Avenue
    Greenwich, CT 06830
    (203) 618-3500
     

    (Name, Address and Telephone Number of Person Authorized to
    Receive Notices and Communications)

     

    July 24, 2024

    (Date of Event Which Requires Filing of this Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes)

     

     

    1 No CUSIP number exists for the underlying shares of Common Stock, as the Common Stock is not traded in the United States. The CUSIP number 51817R205 is only for the American Depositary Shares representing Common Stock.

     

     

     

     

     Page 2 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Strategic Value Partners, LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    84,893,846,279

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    84,893,846,279

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    84,893,846,279

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    14.0%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 3 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Ashton Gate S.a.r.l.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Luxembourg

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    35,231,360,769

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    35,231,360,769

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    35,231,360,769

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    5.8%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 4 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    SVP Special Situations V LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    35,231,360,769

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    35,231,360,769

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    35,231,360,769

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    5.8%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 5 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Wild Heath S.a.r.l.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Luxembourg

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    4,943,447,800

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    4,943,447,800

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    4,943,447,800

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    0.8%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 6 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    SVP Special Situations III-A LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    4,943,447,800

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    4,943,447,800

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    4,943,447,800

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    0.8%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 7 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Grouse Moor S.a.r.l.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Luxembourg

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    20,317,326,818

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    20,317,326,818

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    20,317,326,818

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    3.4%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 8 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    SVP Special Situations IV LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    20,317,326,818

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    20,317,326,818

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    20,317,326,818

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    3.4%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 9 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Meadow Garden S.a.r.l.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Luxembourg

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    857

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    857

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    857

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    0.0%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 10 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Green Pasture S.a.r.l.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨ 

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Luxembourg

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    18,571,186,895

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    18,571,186,895

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    18,571,186,895

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    3.1%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 11 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    SVP Dislocation LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨ 

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    18,571,186,895

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    18,571,186,895

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    18,571,186,895

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    3.1%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 12 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    Strategic Value New Rising Fund, L.P.

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨ 

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    5,830,523,140

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    5,830,523,140

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    5,830,523,140

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    1.0%

    14

    TYPE OF REPORTING PERSON

     

    PN

     

     

     Page 13 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    SVP New Rising Management LLC

     

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨ 

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    5,830,523,140

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    5,830,523,140

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    5,830,523,140

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    1.0%

    14

    TYPE OF REPORTING PERSON

     

    OO

     

     

     Page 14 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    1

    NAMES OF REPORTING PERSONS

     

    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (VOLUNTARY)

     

    Victor Khosla

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

     

    (a) ¨

    (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS

     

    OO

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

     

    ¨ 

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States of America

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    84,893,846,279

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    84,893,846,279

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    84,893,846,279 

    12

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨ 

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     

    14.0%

    14

    TYPE OF REPORTING PERSON

     

    IN

     

     

     Page 15 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    Item 4. Purpose of Transaction.

     

    Item 4 of the Schedule 13D is amended and supplemented as follows:

     

    On April 25, 2024, William de Wulf, a director nominee of the Reporting Persons, was elected to the Issuer’s Board of Directors at an ordinary meeting of the Issuer’s shareholders.

     

    On July 24, 2024, the Funds entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC, each in their capacity as the representative (the “Representatives”) of the several underwriters (the “Underwriters”) named in Schedule I thereof, the Issuer and the other selling shareholders named in Schedule II thereof. Pursuant to the Underwriting Agreement, the Funds sold to the Underwriters 5,960,923 ADS, each representing 2,000 shares of Common Stock, at a price per ADS of $23.16 (the “Offering Price”) (the “Underwritten Offering”). In addition, the Funds granted the Underwriters an option exercisable for 30 days from the date of the Underwriting Agreement to purchase, at the Offering Price, up to an additional 1,039,321 ADS to cover overallotments, if any.

     

    The ADS purchased by the Underwriters were issued by JPMorgan Chase Bank, N.A. (the “Depositary”) and are evidenced by American Depositary Receipts (“ADRs”) pursuant to the Deposit Agreement, dated as of September 21, 2017, as amended by the first amendment, dated as of March 12, 2021, and the second amendment, dated as of July 24, 2024 (the “Deposit Agreement”), among the Issuer, the Depositary, and all holders from time to time of the ADRs issued thereunder evidencing ADS representing deposited shares of Common Stock.

     

    The Underwritten Offering was effected pursuant to an automatic shelf registration statement on Form F-3 (File No. 333-280866) filed by the Issuer on July 18, 2024. The Underwritten Offering closed on July 26, 2024.

     

    In accordance with the Underwriting Agreement, the Funds entered into a lock-up agreement with the Underwriters agreeing that, subject to certain exceptions, it may not, during period beginning on July 18, 2024 and continuing to and including the date that is 120 days after the date of the final prospectus related to the Underwriting Agreement, (i) offer, sell, contract to sell, pledge, grant any option, right or warrant to purchase, purchase any option or contract to sell, lend or otherwise transfer or dispose of any shares of Common Stock or ADS, or any options or warrants to purchase any shares of Common Stock or ADS, or any securities convertible into, exchangeable for or that represent the right to receive shares of Common Stock or ADS (such shares of Common Stock, ADS, options, rights, warrants or other securities, collectively, the “Lock-Up Securities”), (ii) engage in any hedging or other transaction or arrangement which is designed to or which reasonably could be expected to lead to or result in a sale, loan, pledge or other disposition, or transfer of any of the economic consequences of ownership, in whole or in part, directly or indirectly, of any Lock-Up Securities, whether any such transaction or arrangement would be settled by delivery of Common Stock, ADS or other securities, in cash or otherwise, (iii) make any demand for or exercise any right with respect to the registration of any Lock-Up Securities or (iv) otherwise publicly announce any intention to engage in or cause any action, activity, transaction or arrangement described in clauses (i), (ii) or (iii) above.

     

    The foregoing description of the lock-up agreement does not purport to be complete and is qualified in its entirety by reference to the lock-up agreement filed as an exhibit hereto and which is incorporated herein by reference.

     

    Item 5. Interest in Securities of the Issuer.

     

    Item 5 of the Schedule 13D is amended and supplemented as follows:

     

    (a)-(b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. The ownership percentage appearing on such cover pages has been calculated based on 604,441,789,335 shares of Common Stock outstanding as of July 18, 2024, as reported in the Issuer’s prospectus supplement filed with the Securities and Exchange Commission on July 18, 2024.

     

     

     Page 16 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    (c) The disclosure in Item 4 and Schedule A of this Amendment No. 2 to Schedule 13D is incorporated by reference herein. Except for the information set forth or incorporated by reference herein, none of the Reporting Persons has effected any transaction related to the Common Stock during the past 60 days.

     

    Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

     

    The disclosure set forth above in Item 4 of this Amendment No. 2 to Schedule 13D is incorporated by reference into this Item 6.

     

    Item 7. Material to be Filed as Exhibits

     

    Item 7 of the Schedule 13D is amended and supplemented as follows:

     

    Exhibit 5      Lock Up Agreement, dated July 18, 2024

     

     

     Page 17 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: July 26, 2024

     

    STRATEGIC VALUE PARTNERS, LLC  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    ASHTON GATE S.A.R.L.  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Manager  

     

    SVP SPECIAL SITUATIONS V LLC  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    WILD HEATH S.A.R.L.  

     

    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Manager  

     

    SVP SPECIAL SITUATIONS III-A LLC  

     

    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    GROUSE MOOR S.A.R.L.  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Manager  

     

    SVP SPECIAL SITUATIONS IV LLC  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    MEADOW GARDEN S.A.R.L.  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Manager  

     

     

     Page 18 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    GREEN PASTURE S.A.R.L.  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Manager  

     

    SVP DISLOCATION LLC  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    STRATEGIC VALUE NEW RISING FUND, L.P.  

     

    By: SVP NEW RISING GP LTD., its general partner  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    SVP NEW RISING MANAGEMENT LLC  

     

    By: /s/ Lewis Schwartz  

      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    By: /s/ Victor Khosla  
      Victor Khosla  

     

     

     

     Page 19 of 19
    Schedule 13D/A  
    CUSIP No. 51817R205 

     

     

    Schedule A

     

    The following table sets forth the shares of Common Stock sold by the Funds pursuant to the Underwritten Offering described in Item 4 of this Amendment No. 2 to Schedule 13D:

     

    Fund Shares
    Ashton Gate 3,767,050,000
    Wild Heath 528,568,000
    Grouse Moor 2,172,394,000
    Meadow Garden 2,844,726,000
    Green Pasture 1,985,690,000
    Strategic Value New Rising Fund 623,418,000

     

     

     

    Get the next $LTM alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LTM

    DatePrice TargetRatingAnalyst
    10/1/2024$40.00Overweight
    Morgan Stanley
    More analyst ratings

    $LTM
    SEC Filings

    See more
    • SEC Form 6-K filed by LATAM Airlines Group S.A.

      6-K - LATAM AIRLINES GROUP S.A. (0001047716) (Filer)

      4/30/25 6:21:10 PM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary
    • SEC Form 6-K filed by LATAM Airlines Group S.A.

      6-K - LATAM AIRLINES GROUP S.A. (0001047716) (Filer)

      4/28/25 5:21:20 PM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary
    • SEC Form 6-K filed by LATAM Airlines Group S.A.

      6-K - LATAM AIRLINES GROUP S.A. (0001047716) (Filer)

      4/28/25 5:19:32 PM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary

    $LTM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Morgan Stanley initiated coverage on LATAM Airlines with a new price target

      Morgan Stanley initiated coverage of LATAM Airlines with a rating of Overweight and set a new price target of $40.00

      10/1/24 7:47:32 AM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary

    $LTM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • LATAM to Host Investor Day on October 22, 2024 in New York

      SANTIAGO, Chile, Oct. 7, 2024 /PRNewswire/ -- LATAM Airlines Group S.A. (the "Company" or "LATAM") (NYSE:LTM), the leading passenger and cargo airline group in South America, will host its Investor Day on Tuesday, October 22, 2024, at the New York Stock Exchange, NY. This event will feature presentations by the senior management team, including Mr. Roberto Alvo, Chief Executive Officer; Mr. Ramiro Alfonsín, Chief Financial Officer; Mr. Hernán Pasman, Chief Operating Officer; and Mr. Paulo Miranda, Chief Customer & Experience Officer. The event will begin at 10:00 AM ET, with presentations commencing at 10:30 AM ET. LATAM's Investor Day is open to the investment community and pre-registratio

      10/7/24 10:18:00 AM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary

    $LTM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by LATAM Airlines Group S.A.

      SC 13D/A - LATAM AIRLINES GROUP S.A. (0001047716) (Subject)

      7/26/24 6:22:14 PM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by LATAM Airlines Group S.A.

      SC 13D/A - LATAM AIRLINES GROUP S.A. (0001047716) (Subject)

      7/26/24 4:30:57 PM ET
      $LTM
      Air Freight/Delivery Services
      Consumer Discretionary