LATAM Airlines Group S.A. acting through its branch domiciled in the State of Florida, United States of America, has entered into an amendment to the Revolving Credit Facility I (the "Revolving Credit Facility I Amendment"). This Revolving Credit Facility I Amendment is intended to, among other things (i) extend the scheduled maturity date of the Revolving Credit Facility I to July 2029 (original maturity November 2025), with an option to extend it until July 2030 (ii) increase the amount of the Revolving Credit Facility I from USD 600 million to an aggregate amount of USD 800 million (iii) eliminate references to the reorganization proceeding to which the Company and several of its subsidiaries were subject under the rules of Chapter 11 of Title 11 of the United States Code (the "Chapter 11 Proceeding ") and (iv) include additional lenders to the Revolving Credit Facility the Company will secure such Revolving Credit Facility I Amendment with different assets comprised of a combination of aircrafts, engines and several spare parts owned by the Company and TAM Linhas A reas S.A., and will have the option to modify or replace such security interests, with the consent of the majority of the banks participating in the Revolving Credit Facility Amendment I. In addition, TAM Linhas A reas S.A. will act as guarantor of the Company's obligations under the Revolving Credit Facility I Amendment. the Company, acting through its branch domiciled in the State of Florida, United States of America, has entered into the amendment to the Revolving Credit Facility II (the "Revolving Credit Facility II Amendment", and together with the Revolving Credit Facility I Amendment, the "Revolving Credit Facility Amendments"), to the effect of, among other things (i) extending the scheduled maturity date of the Revolving Credit Facility II from November 2026 to July 15, 2029 provided, however, that the Revolving Credit Facility II may be payable in advance 180 days prior to the maturity date of any of the financing agreements that share collateral with the Revolving Credit Facility II if by then such financing agreements have not been paid or extended (ii) increasing
the amount of the Revolving Credit Facility II from USD 500 million to USD 750 million (iii) deleting references to the Chapter 11 Proceeding (iv) including additional lenders to the Revolving Credit Facility II, such that following the Revolving Credit Facility II Amendment, the lenders thereto will be the ones identified in paragraph 3 below and (v) modifying certain commercial terms of the Revolving Credit Facility II relating to interest rates and fees, including the following Interest Rates Starting November 2026, (i) the margin applicable to each interest rate will be reduced by 1.00% (from 3.00% to 2.00% for the ABR interest rate and from 4% to 3% for the Term SOFR Rate and Daily Simple
SOFR Rate) (ii) a utilization fee will be introduced in addition to the applicable margin applicable to each interest rate, which varies between 0.10% and 0.50% depending on the amount disbursed and (iii) adjustments to the Term SOFR Rate and Daily Simple SOFR will be eliminated. Commitment fee Starting November 2026, the commitment fee will be increased from 0.625% to 1.00%. Finally, as a result of the Revolving Credit Facility II Amendment, it will be necessary to modify the collateral documents granted both in Chile and abroad, which secure the Revolving Credit Facility II, so that the security interests thereunder are extended to this amendment. Following the Revolving Credit Facility Amendments, the lenders under the Revolving Credit Facilities are JPMorganChase Bank, N.A. Goldman Sachs Lending Partners LLC Citibank, N.A. Barclays Bank PLC Banco Santander,
S.A. Deutsche Bank Securities Inc, New York Branch BNP Paribas MUFG Bank, LTD and Natixis, New York Branch. As a result of the Revolving Credit Facility Amendments, the Company will have as of the date hereof, a total of USD 1,550 million of Revolving Credit Facilities with a scheduled maturity date in 2029.