By Rebecca Melvin
Concord, N.H., May 7 – GOL Linhas Aereas Inteligentes SA announced it has priced a $300 million add-on to its 8% senior secured notes due June 30, 2026 (B2) at par, according to a press release.
The notes, which were issued via its GOL Finance subsidiary, will be consolidated to form a single series with an initial $200 million of the notes that priced on Dec. 23, 2020.
The issuers will pay accrued interest from Dec. 23 up to but excluding the May 11 delivery date of the new notes.
The notes are callable after Dec. 24, 2022 and are secured by substantially all of GOL Linhas’ intellectual property, including patents, trademarks, brand names, domain names and aircraft spare parts located in Brazil.
Proceeds will go toward general corporate purposes, including liability management and opportunistic aircraft acquisitions.
GOL Linhas is a Sao Paulo-based provider of airline services.
Issuer: | GOL Finance
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Guarantor: | GOL Linhas Aereas Inteligentes SA
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Issue: | Add on to senior secured notes
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Amount: | $300 million
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Maturity: | June 30, 2026
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Coupon: | 8%
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Price: | Par
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Yield | 8%
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Calls: | On or after Dec. 24, 2022
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Pricing date: | May 7
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Settlement date: | May 11
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Rating: | Moody’s: B2
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Total deal size: | $500 million, including $200 million priced on Dec. 23, 2020
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