APRIL 20TH, 2017
Azul Announces Closing of its Global Offering
SÃO PAULO—(BUSINESS WIRE)—Azul S.A., or Azul, (SAO: AZUL4) (NYSE: AZUL), announced today the closing of its previously-announced initial public offering of 96,239,837 of its preferred shares, of which 63,000,000 preferred shares were offered by Azul and 33,239,837 preferred shares were offered by the selling shareholders in a global offering, consisting of an international offering and a Brazilian offering. The preferred shares were offered directly and in the form of American depositary shares, or ADSs, each of which represents three preferred shares. The Brazilian offering of 22,439,837 preferred shares closed on April 13, 2017 and the international offering of 21,000,000 ADSs (representing 63,000,000 preferred shares) closed on April 17, 2017. The selling shareholders also granted the underwriters a 30-day option to purchase up to 10,800,000 additional preferred shares, which was exercised on April 13, 2017 and closed April 19, 2017.
The initial offering price was R$21.00 per preferred share and US$20.06 per ADS. Shares have been traded on the São Paulo Stock Exchange (BM&FBOVESPA) and the New York Stock Exchange (NYSE) since April 11, 2017, under the symbols “AZUL4” and “AZUL”, respectively.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Itau BBA USA Securities, Inc., Banco do Brasil Securities LLC, Banco Bradesco BBI S.A., Santander Investment Securities Inc., J.P. Morgan Securities LLC and Raymond James & Associates, Inc., collectively acted as international underwriters with respect to the offering of the ADSs and, together with Safra Securities LLC and Bradesco Securities Inc., as agents on behalf of the Brazilian underwriters with respect to the offering of preferred shares sold outside of Brazil.
Banco Itaú BBA S.A., Citigroup Global Markets Brasil, Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Deutsche Bank S.A. – Banco Alemão, BB – Banco de Investimento S.A., Banco Bradesco BBI S.A., Banco Santander (Brasil) S.A., Banco J.P. Morgan S.A. and Banco J. Safra S.A. collectively acted as Brazilian underwriters with respect to the sale of preferred shares in the public offering in Brazil.
A registration statement on Form F-1, as amended, relating to the offering was previously filed with, and declared effective by, the United States Securities and Exchange Commission. The final prospectus has been filed with the SEC and is available on the SEC’s website at www.sec.gov. A copy of the final prospectus related to the offering may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: +1 (800) 831-9146 (toll free); Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 1-800-503-4611, or by email at firstname.lastname@example.org; and Itau BBA USA Securities, Inc., Attention: Steven M. Hurwitz, 767 Fifth Avenue 50th Floor, New York, NY 10153, by telephone at + 1 (212) 710-6734, or by email at email@example.com.