Azul Linhas Aéreas Brasileiras announced on April 30, 2025, that it has secured approximately R$600 million (around USD 120 million at current exchange rates) in additional funding from its existing bondholders. The move aims to strengthen the airline’s liquidity position, as one of the leading carriers in Brazil’s domestic market.
This capital injection follows a recent financial maneuver in which the company converted 35% of its debt notes—maturing in 2029 and 2030—into preferred shares.
The new financing is structured through Brazilian Real-denominated Secured Notes, issued by Azul Secured Finance II LLP. These notes are guaranteed by Azul S.A. and certain group subsidiaries. As specific collateral, Azul is pledging selected receivables from credit and debit card sales related to its passenger transportation business.
The notes carry a six-month maturity and are prepayable, allowing Azul to redeem them early if it secures any form of public sector-backed financing. The company emphasized that this issuance does not require any amendments or waivers under the terms of its existing secured notes or convertible debentures.
Azul stated that it continues to engage with various stakeholders as part of its ongoing efforts to further strengthen its financial structure. The airline will keep shareholders and the broader market informed of any relevant developments in line with applicable regulations.
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