SAO PAULO, July 18 /PRNewswire/ --
(NYSE: TAM, BOVESPA: TAMM4) TAM informs that its wholly owned subsidiary TAM Linhas Aereas S.A. will make its first public issuance, which by restriction will only be directed to qualified investors, in compliance with the Brazilian Securities Commission's Instruction N. 476, from January 16, 2009, consisting of 600 regular bonds, not convertible into shares, in a single series, in cash with a real guarantee, with a unitary par value of R$1,000,000.00, for a total amount of R$600,000,000.00, on July 24, 2009 and which will expire July 24, 2013.
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The Bonds are guaranteed by fiduciary assignment of receivables and by an additional surety guarantee, given by us, in favor of the bondholders.
The par value of the Bonds will be amortized in 13 quarterly and consecutive payments, to be made the 24th day of the months of January, April, July and October of each year, with the first payment due on July 24, 2010. The Bonds will pay established remunerative interest, based on the accumulative variation of 126.50% of the Daily Interbank deposit rate, calculated exponentially and cumulatively, pro-rated for the number of business days. The remunerative interest will be paid monthly on the 24th day of the month, beginning August 24, 2009.
Planner DTVM Ltda. is the fiduciary agent for this Issuance.
BB - Banco de Investimento S.A. was also contracted as the leading coordinator of this Issue, as well as Banco Bradesco S.A. as the designated Issuance bank.
The monies obtained from this Issuance will be used to reinforce TAM Linhas Aereas S.A.'s working capital.
TAM S/A
Libano Miranda Barroso, TAM Investor Relations, +55-11-5582-9715, fax, +011-55-11-5582-8149, invest@tam.com.br
