Chicago, Sept. 23 – GOL Linhas Aereas Inteligentes SA again reopened its 8% senior secured notes (B2) due June 30, 2026 to sell an additional $150 million, according to a press release.
The notes will be consolidated and form a single series with the $500 million of notes previously issued: $200 million issued on Dec. 23, 2020 and $300 million issued on May 11.
The new notes priced at 100.75 for a 7.728% yield.
Interest will be paid from June 30 to the date the notes are delivered, expected to be Sept. 28.
The notes will be callable by GOL on and after Dec. 24, 2022.
Security is in the form of 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 opportunistic aircraft acquisitions and working capital.
GOL Linhas is a Sao Paulo-based provider of airline services.
| Issuer: | GOL Finance
|
| Guarantor: | GOL Linhas Aereas Inteligentes SA
|
| Issue: | Add on to senior secured notes
|
| Amount: | $150 million
|
| Maturity: | June 30, 2026
|
| Coupon: | 8%
|
| Price: | 100.75
|
| Yield | 7.728%
|
| Calls: | On or after Dec. 24, 2022
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Rating: | Moody’s: B2
|
| Total deal size: | $650 million, including $300 million on May 11 and $200 million priced on Dec. 23, 2020
|
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