Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) has filed an application with the US Securities & Exchange Commission (SEC) for an Initial Public offering (IPO) on the New York Stock Exchange (NYSE). The carrier says it plans to list American Depositary Shares (ADS) on the NYSE with preferred shares to list on the São Paulo Stock Exchange (BM&FBOVESPA).
While the filing did not disclose any specific details insofar as the actual amount of shares to be offered and their anticipated value, the Brazilian LCC did state that part of the proceeds raised would go to repaying BRL333 million worth of debts (USD106.5 million), including an import financing loan to Azul Linhas and a debenture issued by Azul Linhas. The balance will go towards general corporate purposes.
Selling shareholders are listed as: Saleb II Founder 13 LLC, Star Sabia LLC, WP-New Air LLC, Azul HoldCo, LLC, ZDBR LLC, Bozano, Maracatu LLC, Morris Azul, LLC, Trip Investimentos Ltda., Trip Participações S.A., and Rio Novo Locações Ltda.
The offering's international underwriters are: Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Itau BBA USA Securities, Inc., Banco do Brasil Securities LLC, Bradesco Securities Inc., J.P. Morgan Securities LLC, Raymond James & Associates, Inc. and Santander Investment Securities Inc.
