Pinheiro Neto steers Azul in a public offering
Pinheiro Neto Advogados has assisted Azul S.A. on a $326 million public offering
Pinheiro Neto Advogados assisted Azul S.A., as in issuer, on a public offering of guaranteed secured debentures, convertible into preferred shares, of the first issuance of Azul S.A., under CVM Ruling No. 400, of December 29, 2003, each with a unit par value of R$1,000, on the issuance date. The issuance consisted of 1,745,900 debentures (including 145,900 additional debentures), corresponding to the total amount of R$1,745,900,000
The conversion price was R$32.2649 per preferred share, resulting in an initial conversion premium of 27.5% based on the Azul4 30 trading day volume-weighted average price (VWAP) of R$25.3058.
Pinehiro Neto team was led by partners Ricardo Russo (pictured left), Guilherme Sampaio Monteiro (pictured centre), and Tax partner Jorge Lopes (pictured right), and involved senior associates Rafael Gaspar, Camila M. Derisio, and Paula Rodrigues, associates Julia Barbosa Campos and Nina Goldman Cavalcanti, and legal assistant Gabriela Kaneshiro Pereira.
