Azul launched public offering of senior secured notes due 2028. The offering is part of the Company's long-term structuring plan.
"This offering represents an important milestone for Azul. It brings us to the conclusion of a well-executed structuring management plan to optimize our capital structure and improve our liquidity. Azul is now set into a new chapter of accelerated growth, new business opportunities and expansion of our domestic and international operations. This plan was carried out in close cooperation with our partners and honoring all our commercial agreements" - said Alex Malfitani, chief financial officer, Azul.
The collateral package of the offering comprises certain receivables generated by the company's loyalty program, TudoAzul; by the travel package business, Azul Viagens; and other intellectual properties from the airline, excluding its logistics business unit, Azul Cargo.