Azul S.A. (AZUL)
After hours:
- Bloomberg
Azul Shares Jump After Report on New Debt Deal With Lessors
(Bloomberg) -- Shares in Azul SA rallied the most since early 2023 following a report that the Brazilian air carrier is nearing a deal with lessors that would entail a debt-for-equity swap.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceUS Driving and Congestion Rates Are Higher Than EverAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeFrom Louisville, a Push to Plant Trees for Public HealthThe Hague Is World’s First City to Ban Oil and Ai
- Reuters
Brazil's Azul close to new debt deal with lessors, sources say
Brazilian airline Azul has moved closer to clinching a new deal with lessors, three people familiar with the talks said, as the company offers them equity to pay off some $600 million in debt. "There is momentum building towards a successful conclusion of the out-of-court restructuring," one of the sources said, adding that Azul and lessors met in New York in recent weeks. The carrier told Reuters last month that Azul was not considering Chapter 11 and would offer lessors an equity stake to settle obligations that had been scheduled for payment over three years.
- Zacks
New Strong Sell Stocks for September 12th
AGRO, AZUL and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on September 12, 2024.
