February 10, 2026

Milbank Advises Initial Purchasers in Azul Airlines’ $1.375B Senior Secured Notes Offering

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Milbank LLP advised the initial purchasers in connection with Azul Secured Finance LLP’s $1.375 billion senior secured notes offering as part of Azul Airlines’ emergence from its chapter 11 proceedings. 

Azul Airlines is a Brazilian carrier offering flights to over 150 destinations in Brazil and abroad, one of the largest domestic networks of any airline in South America.

The Milbank deal team was led by Corporate Finance and Securities partner Brett Nadritch, Transportation and Space partner James Pascale and Financial Restructuring partner Andrew Harmeyer, with support from special counsel Alex Becker and Nicholas Milburn, associates Nicholas Kunz and Martha Schmidt and law clerks Lauren Sturm and Thomas Beres