Aviation
Commercial /
Brazil
global market
Azul wants 600 million dollars in resources from foreign investors
Airbus A320neo
Azul
Rafael Luiz Canossa, CC BY-SA 2.0, via Wikimedia Commons
Rafael Ramos
6/13/2021
Azul (AZUL4) published, on the night of the 10th, that it priced an offer in Senior Notes in the amount of 600 million dollars, which will be carried out abroad. With the papers maturing in 2026 and paying 7.250%, the bonds are intended to raise funds in the foreign market.
The transaction will be conducted by Azul Investments and the company intends to use the funds for general corporate purposes, but without specifying exactly where the money will go.
Airbus A320neo
Por Rafael Luiz Canossa, CC BY-SA 2.0
In May, Azul stated that it expects to end 2021 with immediate liquidity above BRL 3 billion, below the BRL 4 billion with which it ended December 2020. The company also intends to generate revenue of around BRL 1 billion this year.
The bonds will be distributed as of June 15 and is being conducted in accordance with the procedures set forth in Rule 144-A of the Securities Act of 1933 and Regulation S, which have been issued by the US Securities and Exchange Commission.
In finance, senior debt is given priority over other unsecured debt. Usually, the company places assets as a guarantee of payment of the debt.
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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