Azul Announces the Results of its Mandatory Repurchase Offer to Purchase up to U.S.$55,900,850 in Aggregate Principal Amount of its Outstanding 11.500% Senior Secured Second Out Notes due 2029
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SÃO PAULO, Aug. 17, 2023 /PRNewswire/ -- Azul S.A. (B3: AZUL4, NYSE: AZUL) ("Azul") today announced the results of the offer to purchase for cash (the "Offer") up to
The following table sets forth certain information relating to the Offer:
Title of Security | CUSIP / ISIN | Principal Amount | Purchase |
| 05501WAA0 (Rule 144A) /
US05501WAA09 (Rule 144A) / | US$294,215,000 |
(1) Holders whose Notes are accepted for purchase by the Issuer will also be paid accrued and unpaid interest from, and including, July 14, 2023 to, but excluding, the Repurchase Date (as defined below). |
The Issuer made the Offer to registered holders of Notes (the "Holders"), as a mandatory repurchase offer pursuant to Section 4.03 of the First Supplemental Indenture dated as of July 14, 2023, which supplemented the Indenture dated as of July 14, 2023, among the Issuer, Azul, Azul Linhas Aéreas Brasileiras S.A., IntelAzul S.A., ATS Viagens e Turismo Ltda., Azul IP Cayman Holdco Ltd., and Azul IP Cayman Ltd., as guarantors (the "Guarantors"), UMB Bank, N.A., as trustee (the "Trustee"),
The Offer expired at 11:59 p.m.,
The Purchase Price payable in the Offer is equal to
As of the Expiration Deadline, the aggregate principal amount of the Notes validly tendered and not validly withdrawn was
The Issuer may make appropriate adjustments down to the nearest
The Issuer expects to accept for purchase
Questions regarding the Offer can be directed to Global Bondholder Services Corporation (the "Tender and Information Agent"), which has been appointed as the tender and information agent for the Offer, at +1 (212) 430-3774 (banks and brokers) and +1 (855) 654‑2014 (toll free).
Disclaimers
This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities. The Offer was made solely by means of the Offer to Purchase. The Offer was not made to Holders of the Notes in any jurisdiction in which the making or acceptance thereof was not in compliance with the securities, blue sky or other laws of such jurisdiction. The Issuer reserved the right, in its sole discretion, not to accept any tenders of Notes for any reason. The Issuer made the Offer only in those jurisdictions where it is legal to do so.
None of the Issuer, the Guarantors, any of their respective directors or officers, the Tender and Information Agent, or the Trustee, or in each case, any of their respective affiliates, made any recommendation as to whether Holders should tender or refrain from tendering all or any portion of the Notes in response to any of the Offer and Holders were required to make their own decision as to whether to tender Notes in the Offer and, if so, the principal amount of Notes to tender.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, including those related to the Offer. All statements other than statements of historical facts included in this press release, and those statements preceded by, followed by or that otherwise include the words "may," "might," "will," "aim," "would," "could," "should," "believe," "understand," "expect," "anticipate," "intend," "estimate," "project," "target," "goal," "guidance," "budget," "plan," "objective," "potential," "seek," or similar expressions or variations on these expressions are forward-looking statements. Azul and its subsidiaries can give no assurances that the assumptions upon which the forward-looking statements are based will prove to be correct or that, even if correct, intervening circumstances will not occur to cause actual results to be different than expected. Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. There are a number of risks, uncertainties and other important factors that could cause the actual results of Azul and its subsidiaries to differ materially from the forward-looking statements, including, but not limited to, the form and results of the Offer; and those factors set out in Azul's annual report on Form 20-F for the year ended December 31, 2022 under "Risk Factors", and in Azul's other filings with the
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SOURCE Azul S.A.
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