NEW YORK – July 18, 2023 – Seabury Capital announced today that the company advised Azul (B3: AZUL4, NYSE: AZUL) as an exclusive financial advisor on the launch and pricing of a private offering of US$800 million aggregate principal amount of 11.930% Senior Secured First Out Notes due 2028. 

“The issuance of this offering at an upsized amount of $800 million speaks to the continued strong support among investors for Azul’s continued growth story,” commented John Luth, Chairman, President & CEO, Seabury Capital. “We congratulate the Azul team on successfully completing the last part of their comprehensive restructuring plan and turning their business model into a leading airline operation, with its robust ability to tap into strategic growth opportunities.” 

The issuance of the Notes is expected to close on July 20, 2023, subject to customary closing conditions. Azul intends to use the net proceeds for repayment of certain existing debt and other obligations and for general corporate purposes.

For more details on the offering, visit: https://s3.amazonaws.com/mz-filemanager/ed78542a-4e01-429a-8926-03d69ccfa307/f192523e-eb2b-4cc0-8578-52ee54812e89_Azul_2028_Notes_pricing_6K.pdf

ABOUT SEABURY CAPITAL GROUP

Seabury Capital Group LLC (“Seabury”) is headquartered in New York City with a global presence with professionals around the world. It operates a number of specialty finance, investment banking, technology, and software companies with a core focus anchored in aviation, aerospace & defense, and financial services & technology. www.seaburycapital.com.