Azul Shares Jump on Deal with Creditors for New Financing [Yahoo! Finance Canada]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The deal allows for existing creditors to provide as much as $500 million in new senior secured debt, with $150 million to be provided this week and $250 million by the end of the year, according to a regulatory filing Monday. Another $100 million could be unlocked at a later date, Azul said. The agreement also eases some obligations the carrier has with lessors and parts suppliers in the next 18 months, which should improve Azul's cash flow by more than $150 million, it said. The parties agreed on a “collaborative effort” to improve cash flow by $100 million per year. If that goal is reached, as much as $800 million of existing debt may be converted into shares, according to the filing. Azul's shares jumped as much as 11% in Sao Paulo on Monday following the news. Still, the stock has underperformed peers this year, falling 63%. “It was a fundamental agreement for them to finalize these liabilities that were left over from the pandemic,” said Ygor Ar
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JEF
News
- Caterpillar Misses Estimates on Weakening Construction [Yahoo! Finance]Yahoo! Finance
- Azul Inks Deals with Bondholders for $500 Million in Financing [Yahoo! Finance]Yahoo! Finance
- Tiziana Life Sciences Plans Share Sale with Jefferies [Yahoo! Finance]Yahoo! Finance
- Brookfield Unit Looks to Offload $1.5 Billion of Private Credit [BNN Bloomberg (Canada)]BNN Bloomberg
- Brookfield Unit Looks to Offload $1.5 Billion of Private Credit [Yahoo! Finance Canada]Yahoo! Finance Canada
JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 10/31/24 - Form 144
- 10/31/24 - Form FWP
- 10/31/24 - Form FWP
- JEF's page on the SEC website