By Rebecca Melvin
New York, Jan. 30 – Gol Finance, a subsidiary of GOL Linhas Aereas Inteligentes SA, priced a $150 million add-on to its existing 7% notes due 2025 on Tuesday at 99.967 for a yield of 7%, lifting the deal size to a total of $650 million, according to a market source.
The deal had been guided to a yield of 7%, which was tightened from guidance at 7 1/8%, which was revised from 7¼%.
Global coordinators of the Rule 144A and Regulation S notes were BofA Merrill Lynch, Credit Suisse and Morgan Stanley, with additional bookrunners BTG Pactual, BCP Securities and Evercore.
GOL Linhas priced the initial $500 million of 7% notes on Dec. 6.
The airline is based in Sao Paulo.
| Issuer: | Gol Finance
|
| Guarantor: | GOL Linhas Aereas Inteligentes SA
|
| Issue: | Notes
|
| Amount: | $150 million
|
| Maturity: | Jan. 31, 2025
|
| Bookrunners: | Credit Suisse, BCP Securities, BofA Merrill Lynch and Morgan Stanley & Co. LLC
|
| Coupon: | 7%
|
| Price: | 99.967
|
| Yield: | 7%
|
| Call protection: | Non-callable for four years
|
| Trade date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Guided to 7 1/8% from initial talk at 7¼%
|
| Total issue size: | $650 million, including $500 million priced at par on Dec. 6
|
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