| Linea Aerea Nacional Chile S.A. (LanChile) | |||
| Ticker: | LFL | ||
| Exchange: | New York Stock Exchange | Santiago, CHILE | |
| Industry: | Transportation (SIC Code 4512) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 10/10/97 | |
| U.S. Shares: | 5,720,000 | Offer Date: | 11/6/97 | |
| Non-U.S. Shares: | 1,430,000 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,150,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 4,000,000 | Gross Spread: | $0.42 | |
| Offering Amount: | $107,250,000 | Selling: | $0.22 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-5959 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Business Description |
| The company is the largest airline in Chile. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to prepay debt, to pay for acquisitions and to fund capital expenditures. |