Brazil's Azul reduces $1.6 billion in debt

Brazil's Azul reduces $1.6 bln in debt as it concludes restructuring process
Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, aircraft makers and firms that lease planes, according to a securities filing.
Azul concludes restructuring with ‘extinction’ of $2.1bn debt
Brazilian carrier Azul has concluded its restructuring process by agreeing with bondholders, lessors and aircraft manufacturers to eliminate R$12.3 billion ($2.1 billion) in debt.
Brazil Azul Says It Concluded Debt Restructuring Process
SAO PAULO (Reuters) - Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, aircraft makers and firms that lease ...
Brazil's Azul reduces $1.6 billion in debt as it concludes restructuring process
SAO PAULO (Reuters) -Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, suppliers and plane lessors, according to a securities filing.
Brazil’s Azul reduces $1.6bn in debt as it concludes restructuring process
Azul said the process included the termination of almost $1.6 billion in debt from its balance sheet, while it also raised $525 million in fresh money. The firm said that, with the conclusion of the talks, its financial leverage measured by a net debt to EBITDA ratio falls to 3.4 times from 4.8 times.
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Azul soars after announcing restructuring developments
Azul S.A. (AZUL) announces successful debt restructuring, eliminating over $2.1 billion in financial obligations and securing ...
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Azul concludes negotiations worth over US$ 2.4 billion with its bondholders, lessors and OEMs
Azul, the largest airline in Brazil in terms of destinations served and daily flights, announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...