Multiple firms advised on Azul’s public offering of preferred shares

Cescon Barrieu, Stocche Forbes an others advised on the primary public offering of preferred shares by Azul, in a total value of BRL 1.66 billion.

In addition, warrants were delivered, without issue price, attributed free of charge, as an additional advantage to the subscribers of the shares in the ofering, at the rate of one subscription bonus for each one share subscribed.

The offering was carried out under the terms of CVM 160, under the automatic registration rite without prior analysis, under the coordination of UBS BB Corretora de Câmbio, Títulos e Valores, BTG Pactual Investment Banking and Citigroup Global Markets Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários.

Simultaneously, within the scope of the offering, there was a private placement of the shares and warrants abroad by UBS Securities LLC, BTG Pactual US Capital LLC and Citigroup Global Markets.

The offering was a step of the equitization process of part of the notes issued by Azul Secured Finance, in the context of Azul’s financial restructuring.

Cescon Barrieu advised Azul and relied on partners Marcelo Martins Moura, Alexandre Gossn Barreto, Dimitrios Constantinos Constantelos (pictured top from left to right), associates Daniel Mortati, Carolina Penna Carvalho, Ana Beatriz Borges, Isadora Moreira, Fernanda Putrino, Filipe Andrade and interns Luiz Gustavo Moura, João Pedro Gaspar and Pedro Cichello.

Hogan Lovells advised Azul for U.S. law matters;

Stocche Forbes Advogados act as legal counsel to the underwriters for Brazilian Law matters and relied on partners Henrique Filizolla, Thadeu Bretas, Bruno Gandolfo (pictured bottom from left to right); associates Ana Flávia, Vinicius Balmas e João Marques.

Paul Hastings acted as legal counsel to the underwriters for U.S. law matters.

In-house counsel to Azul: Raphael Linares, Edson Massuda Sugimoto, Priscilla Cabral and Geovani Diogo Jardim de Sousa.