Research analysts covering AZUL.
Recent press releases and 8-K filings for AZULQ.
Azul S.A. Announces Primary Public Offering and Reverse Stock Split in Chapter 11 Restructuring
AZULQ
Legal Proceedings
- Azul S.A. approved a primary public offering of new common shares for an aggregate subscription price of up to R$5.01 billion (approximately US$953 million).
- This offering is an integral part of the Company's restructuring plan under Chapter 11 of the United States Bankruptcy Code, intended to raise new funds and capitalize debt from Debtor in Possession (DIP) financing.
- An extraordinary general meeting is scheduled for February 12, 2026, to resolve on a reverse split of 75 shares to 1 share, which would reduce the maximum number of new shares to be issued in the offering if approved.
- Existing shareholders have priority rights to subscribe for shares on a pro rata basis, but the offering is not being made to holders of the Company's ADRs.
4 days ago
Azul announces pricing of senior secured notes
AZULQ
Debt Issuance
New Projects/Investments
- Azul's subsidiary, Azul Secured Finance LLP, has priced a private offering of US$1,375,000,000.00 in 9.875% senior secured notes due 2031.
- These Notes are intended to provide exit financing for the Company's Chapter 11 restructuring plan, primarily to repay outstanding DIP financing and support capital structure optimization and liquidity enhancement.
- The offering was significantly oversubscribed by approximately 7.5 times, with the issuance expected to close on February 6, 2026.
- The Notes are guaranteed by Azul and its subsidiaries, and secured by first-priority liens on a collateral package including receivables from TudoAzul, Azul Viagens, and Azul Cargo, as well as certain intellectual property.
8 days ago
Azul Subsidiary Launches Offering of Senior Secured Notes due 2031
AZULQ
Debt Issuance
Legal Proceedings
New Projects/Investments
- Azul S.A.'s subsidiary, Azul Secured Finance LLP, has launched a private offering of Senior Secured Notes due 2031.
- The offering is intended to provide exit financing in connection with the Company's Chapter 11 proceedings and to support its comprehensive restructuring plan to optimize its capital structure and increase liquidity.
- The Notes will be guaranteed by Azul S.A. and its subsidiaries and secured by first-priority liens on a collateral package, including receivables from Azul Fidelidade, Azul Viagens, and Azul Cargo, and certain intellectual property.
- Net proceeds from the offering are intended to repay the outstanding principal amount of its DIP facility and for general corporate purposes.
Jan 28, 2026, 1:04 PM
Azul S.A. Announces Debt Securities Offering and Credit Rating Updates
AZULQ
Debt Issuance
Legal Proceedings
- Azul S.A. announced a private offering of senior secured notes due 2031 by its subsidiary, Azul Secured Finance LLP, to provide exit financing for its restructuring plan approved under Chapter 11 of the United States Bankruptcy Code.
- The proceeds from the offering are intended to repay outstanding DIP financing and support the implementation of its comprehensive restructuring plan to optimize its capital structure and enhance its liquidity position.
- The notes will be guaranteed by Azul and its subsidiaries and secured by first-priority liens on collateral, including receivables from Azul Fidelidade, Azul Viagens, and Azul Cargo, as well as certain intellectual property and subsidiary shares.
- Moody's Ratings assigned a B2 rating (Corporate Family Rating) and a stable outlook to Azul and the Exit Financing Offering.
- Fitch Ratings assigned an expected B- rating with a stable outlook to Azul and the Exit Financing Offering, which will convert to a final rating upon completion of the Chapter 11 restructuring.
Jan 28, 2026, 12:39 PM
AZUL SA Reports Nine-Month Period Ended September 30, 2025 Financial Results
AZULQ
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- AZUL SA reported a net profit of R$1,755.2 million for the nine-month period ended September 30, 2025, a significant improvement from a net loss of R$4,738.7 million in the prior year period.
- Net revenue increased by 15.0% to R$16,073.8 million for the nine-month period ended September 30, 2025, compared to R$13,980.8 million in the same period of 2024.
- The company's operating cash flow shifted to net cash used of R$1,458.4 million for the nine-month period ended September 30, 2025, from net cash provided of R$1,808.7 million in the prior year period.
- Total loans and financing increased to R$20,326.0 million as of September 30, 2025, from R$14,981.4 million as of December 31, 2024, including a DIP Facility of R$7,640.5 million.
- A gain of R$5,448.6 million from foreign currency exchange, net, significantly improved the financial result for the nine-month period ended September 30, 2025, compared to a loss of R$3,373.2 million in the prior year.
Jan 28, 2026, 12:29 PM
Azul S.A. Provides Update on Chapter 11 Plan Implementation and New Business Plan
AZULQ
Debt Issuance
Convertible Preferred Issuance
New Projects/Investments
- Azul S.A. has published an Updated Business Plan forecasting its emergence from Chapter 11 as a significantly healthier airline with less overall debt, lower lease liabilities, and lower leverage, with an estimated pro forma net leverage of 2.5x at emergence.
- Creditors and stakeholders have agreed to provide an incremental US$100 million investment, increasing the total investments to be raised by the company from US$850 million to US$950 million to support its emergence from Chapter 11.
- The company will conduct a new public offering to raise up to US$950 million, which is expected to result in approximately 80% dilution of the then-existing shareholder base, with shares priced at a 30% discount to the Chapter 11 Plan's defined value.
- Following the exercise of subscription warrants and the mandatory conversion of debentures and preferred shares, the company's share capital now amounts to R$16,769,806,600.71, divided into 693,985,807,118,321 common shares.
Jan 21, 2026, 11:02 AM
Azul S.A. Updates on Subscription Warrant Exercise and Capital Increase
AZULQ
Convertible Preferred Issuance
- Azul S.A. informed shareholders and the market about the exercise requests for Subscription Warrants, with the exercise period concluding on January 12, 2026.
- B3 recorded intentions to exercise 6,197,744,517 Subscription Warrants for preferred shares, while the company's bookkeeper received requests for 445,474,982,966 preferred share warrants and 450,209,972,026 common share warrants.
- These exercises will lead to the issuance of new preferred and common shares, potentially increasing the company's share capital to up to R$ 15,732,035,251.20, divided into up to 591,898,203,876,671 common shares after the mandatory conversion of preferred shares.
- The capital increase resulting from these exercises is scheduled to be ratified at a Board of Directors' meeting and financially settled on January 14, 2026.
Jan 13, 2026, 9:51 PM
Azul S.A. Announces Completion of Public Offering and Capital Structure Changes
AZULQ
Convertible Preferred Issuance
Debt Issuance
Delisting/Listing Issues
- Azul S.A. completed a primary public offering of common and preferred shares, raising R$7,441,550,992.27 and significantly increasing its capital stock.
- All Preferred Shares will cease trading on B3 as of January 13, 2026, following their conversion into Common Shares at a ratio of 75 Common Shares for each Preferred Share.
- The company's capital stock now consists solely of Common Shares, totaling 55,082,793,840,936 shares.
- Azul plans a future New Money Offering to raise up to US$950 million, which is expected to result in approximately 80% dilution of the then-existing shareholder base due to a 30% discount on the share price.
Jan 13, 2026, 12:53 PM
Azul S.A. approves primary public offering as part of Chapter 11 restructuring
AZULQ
Legal Proceedings
Delisting/Listing Issues
- On January 6, 2026, Azul S.A. approved a primary public offering of 723,861,340,715 new common shares and 723,861,340,715 new preferred shares.
- The offering is priced at R$ 0.00013527 per common share and R$ 0.01014509 per preferred share, totaling an aggregate of R$ 7,441,550,992.27.
- This offering is an integral part of the Company's restructuring plan under Chapter 11 of the United States Bankruptcy Code, intended to implement the mandatory capitalization of certain indebtedness through equity issuance.
- Existing shareholders were granted priority rights to subscribe for shares, but the offering is not being made to holders of the Company's ADRs.
Jan 7, 2026, 2:39 AM
Azul S.A. Reports November 2025 Financials Amid Chapter 11
AZULQ
Legal Proceedings
Earnings
- Azul S.A. submitted its monthly operating reports, containing certain financial information for November 2025, to the United States Bankruptcy Court for the Southern District of New York, as required during its Chapter 11 process.
- For November 2025, the company reported Total operating revenue of R$1,817.4 million and Adjusted EBITDA of R$621.8 million.
- As of November 30, 2025, Cash, cash equivalents and short-term investments were R$1,348.31 million.
- This financial information is preliminary and unaudited, prepared exclusively for Chapter 11 compliance, and should not be directly compared to Azul's regular financial statements.
Dec 29, 2025, 11:05 PM
Quarterly earnings call transcripts for AZUL.
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