Azul $400 Million Notes Offering

Davis Polk advised the initial purchasers in connection with Azul Investments LLP’s $400 million offering of 5.875% senior notes due 2024, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. 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. 

Azul is the largest airline in Brazil in terms of departures and cities served.

The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Lourenço Lopes-Sabino. The tax team included Po Sit and Jonathan Atkins. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.