AMERICAS DISTRESS DAILY: Azul Seeks $600m Amid Bankruptcy Filing

Brazilian airline Azul SA is in advanced talks with creditors for a roughly $600 million financing that would fund the company through a potential bankruptcy that could come as soon as next week, according to people with knowledge of the matter.

• Azul has $52.2 million of interest due this month on corporate bonds.
• A weaker Brazilian real has inflated Azul’s expenses — including dollar-denominated lease payments and fuel costs tied to the greenback.

In Other News:

• Brazilian transport company Invepar hired BR Advisory Partners as a debt-restructuring adviser amid negotiations with creditors. Invepar faces a possible bankruptcy filing after a ...