New Issue: Brazil’s Azul sells $36.78 million more 11.93% notes due 2028

By Marisa Wong

Los Angeles, Nov. 1 – Azul SA subsidiary Azul Secured Finance LLP issued an additional $36,778,000 aggregate principal amount of 11.93% senior secured first-out notes due 2028, according to a company announcement.

The notes will be consolidated and form a single class with the original $800 million of 11.93% notes due 2028 issued on July 20.

The add-on brings the total principal amount of the issue to $836,778,000.

The notes are guaranteed by Azul and subsidiaries Azul Linhas Aereas Brasileiras SA, IntelAzul SA, ATS Viagens e Turismo Ltda., Azul IP Cayman Holdco Ltd. and Azul IP Cayman Ltd.

Azul is a Sao Paulo, Brazil-based airline.

Issuer:	Azul Secured Finance LLP
Guarantors:	Azul SA, Azul Linhas Aereas Brasileiras SA, IntelAzul SA, ATS Viagens e Turismo Ltda., Azul IP Cayman Holdco Ltd. and Azul IP Cayman Ltd.
Amount:	$36,778,000
Description:	Senior secured first-out notes, add-on
Maturity:	2028
Trustee:	UMB Bank, NA
Coupon:	11.93%
Issue date:	Oct. 31
Distribution:	Rule 144A and Regulation S
Total issuance:	$836,778,000, including $800 million issued July 20

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