Azul Announces Exchange Offer in respect of Existing 2028 First Out Notes for New Notes and Solicitation of Consents to Proposed Amendments to the Existing Indenture
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Azul S.A. has announced an exchange offer for its existing 2028 First Out Notes, allowing eligible holders to exchange them for new notes with the same interest rate. This move is part of a consent solicitation to amend the existing indenture.
December 18, 2024 | 5:00 am
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Azul S.A. is offering an exchange of its existing 2028 First Out Notes for new notes with the same interest rate, as part of a consent solicitation to amend the existing indenture.
The exchange offer and consent solicitation are financial maneuvers that may affect Azul's credit profile and asset management. However, since the interest rate remains unchanged, the immediate impact on stock price is likely neutral.
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