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News Nov 15, 2017

Shearman & Sterling Advises Azul Investments on Its $400 Million Debt Offering

Shearman & Sterling advised Azul Investments LLP, an affiliate of Azul S.A., the largest airline in Brazil in terms of departures and cities served, in connection with its debut Rule 144A/Regulation S offering of $400 million 5.875% senior notes due 2024 guaranteed by Azul S.A. and Azul Linhas Aéreas Brasileiras.

The joint book-running managers included J.P. Morgan Securities, Citigroup Global Markets, Santander Investment Securities, Banco do Brasil Securities, Banco Bradesco BBI, and Itau BBA USA Securities.

The Shearman & Sterling team was led by partner Stuart Fleischmann (New York-Capital Markets) and associates Flavio Averbug, Yoon-jee Kim (both New York-Capital Markets) and Mariana Pacini (São Paulo-Capital Markets).

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