Breaking News: Azul’s Exchange Offers and Consent Solicitations Reach Exciting Conclusion!
SÃO PAULO, Jan. 22, 2025 /PRNewswire
Azul S.A., “Azul,” (B3: AZUL4) (NYSE: AZUL) (“Azul”) today announces the expiration and final results of the previously announced (i) offers by its wholly-owned subsidiary Azul Secured Finance LLP (the “Issuer”) to Eligible Holders to exchange (the “Exchange Offers”) (a) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (CUSIP: 05501WAA0 / U0551YAA3, ISIN: US05501WAA09 / USU0551YAA39) (the “Existing 2029 Notes”) for newly issued 11.500% Senior Secured Second Out Notes due 2029 to be issued by the Issuer (the “New 2029 Notes”) and (b) any and all of the outstanding 10.875% Senior Secured Second Out Notes due 2030 issued by the Issuer (CUSIP: 05501WAB8 / U0551YAB1, ISIN: US05501WAB81 / USU0551YAB12) (the “Existing 2030 Notes” and, together with the Existing 2029 Notes, the “Existing Notes”) for newly issued 10.875% Senior Secured Second Out Notes due 2030 to be issued by the Issuer (the “New 2030 Notes” and, together with the New 2029 Notes, the “New Notes”), and (ii) the solicitation of consents by the Issuer from Eligible Holders to certain proposed amendments to the terms of the Existing Notes of each series (the “Solicitations”).
How this will affect you:
As a holder of Azul’s Senior Secured Second Out Notes due 2029 and 2030, this exciting conclusion to the exchange offers and consent solicitations could mean potential changes to the terms of your investment. It is important to carefully review the final results and any amendments that have been made to the existing notes to understand the impact on your holdings.
How this will affect the world:
The successful resolution of Azul’s exchange offers and consent solicitations demonstrates the company’s commitment to managing its debt obligations effectively. This positive outcome could strengthen investor confidence in Azul and contribute to the overall stability of the financial market.
Conclusion:
In conclusion, Azul’s Exchange Offers and Consent Solicitations reaching an exciting conclusion signifies a significant milestone for the company and its investors. The successful completion of these transactions reflects Azul’s proactive approach to debt management and paves the way for a more secure financial future.
