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LATAM Airlines (NYSE:LTM) Group S.A. has entered into an underwriting agreement with J.P. Morgan Securities LLC and several shareholders, according to an SEC filing submitted Wednesday. The agreement, dated June 16, 2025, involves the sale of common shares of the Chile-based airline. The announcement comes as LATAM’s stock trades at $21.10, down about 25% year-to-date. According to InvestingPro analysis, the stock appears fairly valued at current levels.
The filing, submitted as a Form 6-K report, includes the underwriting agreement along with a legal opinion from Chilean law firm Claro & Cia. regarding the common shares. The documents have been incorporated into LATAM’s F-3ASR registration statement previously filed with the SEC on July 18, 2024.
LATAM Airlines Group, headquartered in Santiago, Chile, operates as one of Latin America’s largest airline groups, generating nearly $11 billion in revenue over the last twelve months with 6.8% growth. The company files annual reports under Form 20-F with the Securities and Exchange Commission. Unlock deeper insights into LATAM’s financial metrics and growth potential with InvestingPro, featuring over 30 additional key indicators and exclusive analysis.
The filing was signed by Ricardo Bottas, Chief Financial Officer of LATAM Airlines Group. No specific details regarding the size, pricing, or purpose of the share offering were disclosed in the report.
This transaction comes as part of the company’s ongoing financial activities following its previous registration statement filed last year. The underwriting agreement represents a formal arrangement between the airline, the underwriter, and the selling shareholders for the offering of LATAM’s common shares.
In other recent news, Coca-Cola (NYSE:KO) Europacific Partners has been actively engaging in a share buyback program, purchasing tens of thousands of shares between June 4 and June 9, 2025. The buyback, involving transactions on both US and London trading venues, aims to repurchase up to EUR 1 billion of ordinary shares in total. This move aligns with the company’s strategic capital allocation and commitment to shareholder value. Meanwhile, MAG Silver Corp (TSX:MAG) has announced significant amendments to its arrangement agreement, filed with the SEC, which may impact its future strategies and operations. These changes are part of MAG Silver (NYSE:MAG)’s ongoing corporate maneuvers, as indicated by the filing of related documents such as a special meeting notice and arrangement circular. In another development, Pan American Silver Corp (NYSE:PAAS) has also disclosed amendments to its arrangement agreements with MAG Silver, suggesting potential operational or strategic impacts for both companies. Additionally, JBS N.V. has filed a Form 6-K with the SEC, detailing the outcomes of its recent Extraordinary General Meeting of Shareholders, ensuring compliance with U.S. securities regulations. Lastly, Sinovac Biotech has scheduled a special shareholder meeting for July 8, 2025, as per their recent SEC filing, though specific agenda items were not disclosed.
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