By Angela McDaniels
Tacoma, Wash., Sept. 18 – GOL Linhas Aereas Inteligentes SA subsidiary Gol LuxCo SA priced $325 million of 8 7/8% senior notes due 2022, according to a company news release.
The notes (//B-) may be redeemed after four years.
Gol LuxCo plans to use the proceeds primarily to fund the tender offer for its 10¾% senior notes due 2023, Gol Finance’s 9¼% senior notes due 2020 and Gol Finance’s 7½% senior notes due 2017.
GOL Linhas is a discount air carrier based in Sao Paulo, Brazil.
| Issuer: | Gol LuxCo SA
|
| Guarantor: | GOL Linhas Aereas Inteligentes SA
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| Issue: | Senior notes
|
| Amount: | $325 million
|
| Maturity: | 2022
|
| Coupon: | 8 7/8%
|
| Call option: | After four years
|
| Pricing date: | Sept. 18
|
| Rating: | Fitch: B-
|
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