Azul completed restructuring of obligations with substantially all bondholders, lessors and manufacturers, extinguishing around $1.6bin debt, the company said in a securities filing.
- Restructuring also raised additional capital of $525m
- Company’s total debt fell to 25.38b reais, compared to 30.74b reais at the end of the third quarter
- Leverage drops to 3.4x from 4.8x previously
- Interest payments to be made by the company this year wil lbe reduced by almost 1b reais
- NOTICE:
Azul releases final results of note exchange offers
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