By Mary-Katherine Stinson
Lexington, Ky., April 20 – GOL Linhas Aereas Inteligentes SA announced that its subsidiary GOL Finance reopened its 5% senior secured amortizing notes due 2026 (series A) and 3% subordinated secured amortizing notes due 2025 (series B) to sell an additional $26 million, according to a notice.
This new issue increases the total issue to $222 million.
The additional notes were issued in exchange for full satisfaction, at 100% of face value, of certain aircraft leasing payment obligations that are under deferral agreements, among other obligations that the participating aircraft lessors chose to exchange for new notes.
The notes are guaranteed by parent GOL Linhas Aereas Inteligentes SA and GOL Linhas Aereas SA.
GOL Linhas is a Sao Paulo-based provider of airline services.
| Issuer: | GOL Finance
|
| Guarantor: | GOL Linhas Aereas Inteligentes SA and GOL Linhas Aereas SA
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| Issue: | Secured amortizing notes
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| Amount: | $26 million add-on
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| Total issue: | $222 million
|
|
|
| 2026 notes
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| Issue: | Senior secured amortizing notes, series A
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| Maturity: | 2026
|
| Coupon: | 5%
|
|
|
| 2025 notes
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| Issue: | Subordinated secured amortizing notes, series B
|
| Maturity: | 2025
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| Coupon: | 3%
|
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