TAM Awarded Latin America Best 2007 Deal
April 28 2008 - 11:00AM
PR Newswire (US)
Airfinance Journal recognizes success of company's senior
guaranteed notes issue in April last year SAO PAULO, Brazil, April
28 /PRNewswire-FirstCall/ -- TAM (Bovespa: TAMM4 and NYSE: TAM) has
been recognized with the Latin America Best 2007 Deal award by
Airfinance Journal for its bond issued abroad in April of last
year. The company issued senior guaranteed notes at 7.375%, with a
total value of US$ 300 million, expiring in 2017. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) The
funds would be used to finance the upgrading and expansion of the
company's operational fleet, with the remaining amount to be used
for general corporate proposals. In its ninth edition, the "Deal of
the Year" award recognizes the most important business deals made
throughout the year that combine innovation, creativity, structural
ability and good execution. The award was given to TAM's director
of International Contracts, Jose Zaidan Maluf, at a ceremony held
Monday, April 21, in the Rainbow Room of the Rockefeller Center in
New York. "The bond offer we made in 2007 has had excellent results
and demonstrated investors' interest in the company. The award
given by Airfinance Journal is in recognition of the operation's
success," said Libano Barroso, vice president of Finance and
Management and director of Investor Relations. Airfinance Journal
is one of the foremost business publications offered by the
worldwide commercial aviation industry. Investor Relations: Press
Agency: Phone: (55) (11) 5582-9715 Phone: (55) (11) 5582-8167 Fax:
(55) (11) 5582-8149 Fax: (55) (11) 5582-8155
http://www.tam.com.br/ir MVL Comunicacao Phone. (55) (11) 3594-0302
/ 0304 / 0305 About TAM: TAM (http://www.tam.com.br/) has been the
leader in the Brazilian domestic market for more than four years
and closed March 2008 with a 51.4% market share. The company
operates flights to 42 Brazilian destinations. It serves 79
different destinations in the Brazilian market through commercial
agreements with regional companies. Among Brazilian airline
companies, TAM's international market share was 68.9% in March. Its
international operations include direct flights to 17 destinations:
New York and Miami (USA), Paris (France), London (England), Milan
(Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and
Cordoba (Argentina), Santiago (Chile), Caracas (Venezuela),
Montevideo and Punta del Este (Uruguay), Asuncion and Ciudad del
Este (Paraguay), and Santa Cruz de la Sierra and Cochabamba
(Bolivia). Additionally, it has code share agreements with
international airlines, which allow passengers to travel to another
64 destinations in the United States, South America and Europe. TAM
was the first airline company to launch a loyalty program in
Brazil; TAM's program currently has 4.5 million members and has
redeemed more than 5.2 million tickets in exchange for points.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
http://photoarchive.ap.org/ DATASOURCE: TAM CONTACT: Libano Miranda
Barroso, TAM Investor Relations, +011-55-11-5582-9715, fax,
+011-55-11-5582-8149, Web site: http://www.tam.com.br/
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