Azul’s $400 Million Notes Offering

Pinheiro Neto, K&L Gates, Machado, Meyer, Sendacz e Opice and Davis Polk & Wardwell advised on the transaction

Azul Linhas Aéreas Brasileiras, through Azul Investments LLP, finalized its $400 Million 5,875 % Million Notes due to 2024 Offering.

The notes are unconditionally and irrevocably guaranteed by Azul Investments LLP’s parent company, Azul S.A., and by Azul S.A.’s operating subsidiary, Azul Linhas Aéreas Brasileiras S.A.

JP Morgan, Banco Santander, Citigroup, Banco Bradesco, BB Securities and Itau Unibanco Holdings acted as initial purchasers on the offering.

Pinheiro Neto advised Azul S.A. with Ricardo Simões Russo, Guilherme Sampaio Monteiro, Marcos Saldanha Proença and Camila Misciasci Derisio.

In US, K&L Gates advised Azul S.A. with Scott Waxman and Zack Sager.

Machado, Meyer, Sendacz e Opice advised the initial purchasers with Nei Zelmanovits and Karina Tiaki Momose.

Davis Polk advised the initial purchasers with Manuel Garciadiaz (Picture), Drew Glover and Lourenço Lopes-Sabino. The tax team included Po Sit and Jonathan Atkins.

Involved fees earner: Nei Zelmanovits – Machado, Meyer, Sendacz e Opice; Karina Tiaki Momose – Machado, Meyer, Sendacz e Opice; Ricardo Simões Russo – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Marcos Saldanha Proenca – Pinheiro Neto; Camila Misciasci Derisio – Pinheiro Neto; Scott Waxman – K&L Gates; Zachary Sager – K&L Gates; Manuel Garciadiaz – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Jonathan Atkins – Davis Polk & Wardwell;

Law Firms: Machado, Meyer, Sendacz e Opice; Pinheiro Neto; K&L Gates; Davis Polk & Wardwell;

Clients: Citigroup Inc.; JP Morgan; Banco Santander Sa; Banco Bradesco BBI S.A.; Itaù Unibanco; Azul Linhas Aéreas Brasileiras SA;

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Author: Ambrogio Visconti.