Azul out with mandatory $55.9m repurchase offer

Azul launched a mandatory repurchase offer for up to $55.9 million in aggregate principal amount of its 11.5% senior unsecured second out notes due 2029. The cash offer consists of $1, plus accrued and unpaid interest from, and including, July 14 to, but excluding the repurchase date, which is expected on Aug. 18, for each $1 principal amount of notes, the company said. The offer will expire on Aug. 16.