By Rebecca Melvin
Concord, N.H., June 11 – Azul Investments LLP, a subsidiary of Azul SA, priced $600 million of 7¼% five-year notes (expected rating: Caa1), according to a company news release and market sources.
The notes will be guaranteed by Azul and Azul Linhas Aereas Brasileiras SA.
Proceeds of the Rule 144A and Regulation S issuance will be used for general corporate purposes, including debt refinancing.
Azul operates an airline company in Brazil.
| Issuer: | Azul Investments LLP
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| Guarantors: | Azul SA and Azul Linhas Aereas Brasileiras SA
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| Amount: | $600 million
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| Issue: | Notes
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| Maturity: | June 15, 2026
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| Coupon: | 7¼%
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| Pricing date: | June 10
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| Settlement date: | June 15
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| Expected rating: | Moody’s Caa1
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| Distribution: | Rule 144A and Regulation S
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