Core Viewpoint - Azul S.A. has launched a private offering of senior secured notes due 2031 to provide exit financing as part of its restructuring plan under Chapter 11 of the U.S. Bankruptcy Code, aimed at optimizing its capital structure and enhancing liquidity [1][2]. Offering Details - The offering is intended to repay the outstanding principal of its debtor-in-possession (DIP) financing and support the implementation of a comprehensive restructuring plan [2]. - The notes will be guaranteed by the company and its subsidiaries, secured by first-priority liens on a collateral package that includes receivables from its loyalty program, travel package business, and cargo business, as well as intellectual property and shares of subsidiaries [3]. Market Conditions - The terms of the offering are subject to market and other conditions, and there is no assurance that the offering or sale of the notes will be completed [4]. Regulatory Compliance - The notes have not been registered with the Brazilian Securities Commission (CVM) or the Securities and Exchange Commission (SEC) and will not be sold in Brazil except under specific circumstances [5]. Credit Rating Updates - Moody's Ratings has assigned a B2 rating to the company and the securities of the exit financing offering, while Fitch Ratings has assigned an expected B- rating, both with stable outlooks [6]. - The ratings reflect the implementation of steps outlined in the Chapter 11 Plan [7]. Company Operations - The company continues to implement its Chapter 11 Plan with focus and discipline, maintaining consistency in execution and transparency for stakeholders [8]. - Azul S.A. is the largest airline in Brazil, operating approximately 800 daily flights to over 137 destinations with a fleet of over 200 aircraft [9].

Core Viewpoint - Flutter Entertainment plc is launching an offering of senior secured notes in multiple currencies to fund strategic acquisitions and partnerships, indicating a proactive approach to growth and market positioning [1][3]. Group 1: Offering Details - Flutter is offering USD, EUR, and GBP-denominated senior secured notes due in 2031, which will be a further issuance of previously issued notes [1]. - The total amount intended to be raised through the notes and an incremental debt facility is $1,755 million [3]. Group 2: Purpose of Funds - Proceeds from the offering will be used to acquire a 5% minority interest in FanDuel and to extend a strategic partnership with Boyd Interactive Gaming Holdings, L.L.C. [3]. Group 3: Company Overview - Flutter is recognized as a leading online sports betting and iGaming operator globally, with a strong market presence in the US [4]. - The company operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others [5].

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has announced the pricing of an offering of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033, with the issuance expected to complete on August 4, 2025 [1] Group 1: Offering Details - The offering consists of $1,150 million of 7.125% Senior Secured Notes due 2031 and $900 million of 7.500% Senior Secured Notes due 2033 [1] - The Notes will be guaranteed on a senior secured basis by certain wholly owned domestic subsidiaries of the Company [2] - The Notes will be secured by a first-priority basis on the Company's and Guarantors' assets, with a second-priority on accounts receivable related to the Receivables Facility [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to redeem all outstanding 5.125% Senior Secured Notes due 2027 and 9.000% Senior Secured Notes due 2028, as well as to pay related transaction fees and expenses [3] Group 3: Company Overview - Clear Channel Outdoor Holdings is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [5] - The Company aims to broaden its advertiser base by enhancing its advertising platform and delivering measurable campaigns [5]

Core Viewpoint - Flutter Entertainment plc is launching an offering of senior secured notes in multiple currencies to raise a total of $2,800 million, primarily to repay existing debt and cover acquisition-related costs [1][3]. Group 1: Offering Details - The offering includes USD-denominated, EUR-denominated, and GBP-denominated senior secured notes, all due in 2031 [1]. - Flutter is also raising incremental debt under its existing U.S. dollar-denominated term loan B facility [2]. - The total amount targeted for the offering and the incremental facility is $2,800 million [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to repay all amounts due under a bridge facility, which was partially utilized for the acquisition of Snaitech S.p.A. [3]. - Additional funds will cover certain costs, fees, and expenses related to these transactions [3]. Group 3: Company Overview - Flutter is recognized as the world's leading online sports betting and iGaming operator, holding a significant market position in the US and globally [4]. - The company aims to leverage its scale and competitive advantages to foster long-term growth and promote sustainability through its Positive Impact Plan [4]. - Flutter operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others [5].