Sodali & Co Strengthens Brazil Presence with Successful Debt Restructuring for Azul

Sodali & Co Strengthens Brazil Presence with Successful Debt Restructuring for Azul

Building on our historic presence in Brazil, Sodali & Co is proud to have assisted the airline Azul Linhas Aéreas Brasileiras (Azul) in its successful debt restructuring. In December 2024, Azul launched exchange offers for its three series of secured notes, alongside a solicitation of consents to amend the existing notes’ indentures.

Sodali & Co acted as Information and Exchange Agent in Azul's debt restructuring. This successful, complex transaction marks another achievement for our Global Debt Services team in Brazil.

Results, Added Value, and Our Presence in Brazil

The exchange offers saw very high participation across all three series of secured notes by the January 21, 2025, deadline. These exchange offers were a key part of Azul’s broader recapitalization strategy, aimed at improving liquidity and reducing debt.

This success highlights Sodali & Co’s expertise and market leadership in Brazil. Our combined international reach and local presence allowed us to deliver the desired results for Azul and its advisors. Our proprietary BondWatch system also kept the deal team always informed of the transactions’ progress.

We are the only Liability Management Agent with operational presence in Brazil, in addition to our teams in New York and London. This allows us to offer our Brazilian clients a local and dedicated service, backed by a global team; highly appreciated by clients and bondholders on our mandates in Latin America.

Learn more about our Global Debt Services and discover how Sodali & Co continues to set the standard in Brazil and worldwide here.