Azul Announces Extension of the Previously Announced Exchange Offer in respect of Existing 2028 First Out Notes for New Notes and Solicitation of Consents to Proposed Amendments to the Existing Indenture

Core Viewpoint - Azul S.A. has extended the expiration deadline for its Exchange Offer of existing senior secured notes, allowing more eligible holders to participate in the exchange process [1][3]. Group 1: Exchange Offer Details - The expiration deadline for the Exchange Offer has been extended from January 15, 2025, to January 21, 2025 [3]. - As of the original expiration deadline, 99.69% of the total outstanding principal amount of the existing notes had been validly tendered for exchange [4]. - The withdrawal deadline for the Exchange Offer expired on January 7, 2025, and holders can no longer withdraw existing notes tendered [5]. Group 2: Conditions and Results - The minimum exchange condition for the consummation of the Exchange Offer has been satisfied, with 99.69% of existing notes tendered [4]. - The issuer has received sufficient consents to effect proposed amendments to the existing notes indenture [7]. - The obligation to complete the Exchange Offer is subject to conditions, including the receipt of at least 66.67% of existing notes validly tendered by the extended expiration deadline [8][9]. Group 3: Company Overview - Azul S.A. is the largest airline in Brazil, operating over 1,000 daily flights to more than 160 destinations with a fleet of over 180 aircraft [20]. - The company was recognized as the most on-time airline in the world in 2022 and has received accolades for its service quality [20].