SAO PAULO, Nov. 15, 2020 /PRNewswire/ -- Azul S.A. (B3:
AZUL4, NYSE: AZUL) and its partners celebrate the successful
settlement of its public offering of convertible debentures in
Brazil. The settlement took place on Nov 12 and the official settlement announcement
can be found on the Azul Investor Relations website.
Financial advisors to the company included Seabury Securities LLC,
a US investment banking firm and Itau BBA, a Brazilian investment
bank which acted as sole underwriter for the public
offer.
"We want to thank all of our financial partners for their
support during this process. Together with our anchor
investors Knighthead and Certares, we are setting the stage for a
successful long-term partnership. Azul's strategic
competitive advantages and unique business model, combined with the
strong market recovery in Brazil,
lead to us to be optimistic about our future. The successful
conclusion of this public offering ensures that we are in a
position to be a long-term winner," says John Rodgerson, Chief Executive Officer at
Azul.
"Since its founding in 2008, Azul has executed one of the most
creative and ambitious business plans in aviation," said
Tom Wagner, Founder of Knighthead
Capital Management. "Amidst uncertainty around COVID-19, this
transaction provides the airline with one of the best liquidity
positions in the global industry. Brazil has been an excellent and resilient air
travel market for several years, and Azul's strong balance sheet
and market position set the stage for its future success. We
are excited to partner with management as the company grows in the
years ahead."
"Azul is a premier airline that has been recognized globally for
delivering great customer experiences and consistently strong
financial performance," said Tom Klein Senior Managing Director at
Certares. "That, coupled with Azul's being strategically
positioned for growth and a long term winner in Latin American
aviation, makes partnering with its respected management team ideal
for Certares."
About Azul
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in
Brazil by number of flight
departures and cities served, offers 916 daily flights to 116
destinations. With an operating fleet of 140 aircraft and more than
13,000 crewmembers, the Company has a network of 249 non-stop
routes as of December 31, 2019. In
2020 Azul was awarded best airline in the world by TripAdvisor, the
first time a Brazilian Flag Carrier ranked number one in the
Traveler's Choice Awards. Azul was also recognized in 2019 as best
regional carrier in South America
for the ninth consecutive year by Skytrax. Additionally, in 2019,
Azul ranked among the top ten most on–time low-cost carriers in the
world, according to OAG. For more information visit
www.voeazul.com.br/ir.
About Knighthead
Established in 2008, Knighthead Capital Management's credit
platform combines bottom-up fundamental research with top-down
macro analysis to identify investment opportunities across the
capital structure. Led by co-founders Tom Wagner and Ara
Cohen, the experienced investment team seeks to achieve
superior risk-adjusted returns in distressed investments via
fundamental analysis and driving restructuring processes. The
$4.5 billion platform is diversified
across Knighthead's evergreen funds, closed end credit funds, real
estate lending, and insurance asset management.
About Certares
Established in 2012, Certares focuses on direct investments in
proprietary transactions, leveraging deep sector experience in the
travel and hospitality industries, and with a consistent emphasis
on partnership with management teams to drive growth. Certares
brings together a team with decades of both operational and
investment experience in private equity, travel, tourism,
hospitality and travel-related business and consumer services. For
more information, please visit www.certares.com.
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SOURCE Azul S.A.