General Announcement::Launch of Exchange Offers and Consent Solicitations

Issuer & Securities

Issuer/ Manager
AZUL INVESTMENTS LLP
Securities
AZULINV US$400M5.875%N241026A - US05502FAA66 - 8DYB
AZULINV US$400M5.875%N241026R - USU0551UAA17 - 8DZB
AZULINV US$600M7.25%N260615A - US05502FAC23 - 9VEB
AZULINV US$600M7.25%N260615R - USU0551UAB99 - NHMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
13-Jun-2023 20:58:43
Status
New
Announcement Sub Title
Launch of Exchange Offers and Consent Solicitations
Announcement Reference
SG230613OTHRIOJU
Submitted By (Co./ Ind. Name)
Thais Vieira Haberli
Designation
Capital Markets Director
Effective Date and Time of the event
13/06/2023 09:00:00
Description (Please provide a detailed description of the event in the box below)
Azul S.A., Azul, (B3: AZUL4, NYSE: AZUL) ( Azul ) today announced that its wholly-owned subsidiary Azul Investments LLP (the Existing Notes Issuer ) has commenced two separate offers to Eligible Holders (as defined below) to exchange (such offers, the Exchange Offers ) (i) any and all of the outstanding 5.875% Senior Notes due 2024
issued by the Existing Notes Issuer (the Existing 2024 Notes ) for newly issued 11.500% Senior Secured Second Out Notes due 2029 to be issued by Azul Secured Finance LLP (the New Notes Issuer ) (the New 2029 Notes ), and (ii) any and all of the outstanding 7.250% Senior Notes due 2026 issued by the Existing Notes Issuer (the Existing 2026 Notes and, together with the Existing 2024 Notes, the Existing Notes ) for newly issued 10.875% Senior Secured Second Out
Notes due 2030 to be issued by the New Notes Issuer (the New 2030 Notes, and together with the New 2029 Notes, the New Notes ), pursuant to the terms and subject to the conditions set forth in the confidential exchange offering memorandum and consent solicitation statement, dated June 13, 2023 in respect of the Exchange Offers and Solicitations (as defined below) (the Offering Memorandum ).

Attachments

Azul_Launch_Singapore Stock Exchange.pdf
Total size =426K