Azul $600 million senior unsecured notes
Davis Polk advised the initial purchasers in connection with the issuance and sale of $600 million 7.250% senior unsecured notes due 2026 of Azul Investments LLP, a Delaware limited liability partnership, and guaranteed by Azul S.A. and Azul Linhas Aéreas Brasileiras S.A.
Azul is the largest airline in Brazil in terms of departures and cities served, with around 700 daily departures to more than 110 destinations.
The Davis Polk capital markets team included Manuel Garciadiaz, Konstantinos Papadopoulos, James Vickers and Lourenco Lopes-Sabino. The tax team included Po Sit. Members of the Davis Polk team are based in the São Paulo and New York offices.