By Christine Van Dusen
Atlanta, July 13 - Brazil's Gol Linhas Aereas Inteligentes SA priced $300 million 9¼% notes due 2020 at 99.409 to yield 9½%, or Treasuries plus 638.5 basis points, according to an informed market source.
Bank of America Merrill Lynch, Citigroup, Itau and BB Securities were the bookrunners for the Rule 144A deal.
Proceeds will be used to repay existing debt maturing in the next three years.
The notes, which include a make-whole call, are guaranteed by Gol and subsidiary VRG Linhas Aereas SA.
Gol is an airline based in Sao Paulo.
| Issuer: | Gol Linhas Aereas Inteligentes SA
|
| Guarantors: | Gol and subsidiary VRG Linhas Aereas SA
|
| Amount: | $300 million
|
| Maturity: | 2020
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup, Itau, BB Securities
|
| Coupon: | 9¼%
|
| Price: | 99.409
|
| Yield: | 9½%
|
| Spread: | Treasuries plus 638.5 bps
|
| Call features: | Make-whole call
|
| Trade date: | July 13
|
| Settlement date: | July 20
|
| Distribution: | Rule 144A
|
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