Azul Secured Finance Launches Note Exchange Offers

Azul Secured Finance, a subsidiary of Azul (Brazil), has announced the commencement of exchange offers for Eligible Holders of its outstanding 11.500% Senior Secured Second Out Notes due 2029 and 10.875% Senior Secured Second Out Notes due 2030. These notes are to be exchanged for newly issued notes of the same respective terms and maturities.

The initiative aims to provide greater flexibility and optimize Azul’s financial structure, allowing the company to manage its liabilities more effectively. The exchange offer covers:

1. 11.500% Senior Secured Second Out Notes due 2029, which will be replaced by newly issued notes with identical terms and maturity.
2. 10.875% Senior Secured Second Out Notes due 2030, which will also be replaced by newly issued notes of the same terms and maturity.

These notes are issued by Azul Secured Finance, a strategic arm of Azul designed to facilitate financial transactions and streamline funding mechanisms for the parent company.

This exchange offer highlights Azul’s proactive approach to managing its debt portfolio, ensuring alignment with market conditions while providing continuity for existing noteholders. By offering these exchanges, Azul aims to maintain investor confidence and strengthen its financial resilience.

Eligible Holders are encouraged to participate in this exchange offer, which underscores Azul’s commitment to maintaining a strong and sustainable financial position. The move also reflects Azul’s strategic focus on enhancing liquidity and optimizing its capital structure in a challenging aviation market.

Azul continues to innovate its financial strategies to support its long-term operational and growth objectives, reinforcing its standing as a key player in the Brazilian aviation industry.