Gogo Intermediate to repay term loan with secured notes proceeds

By Sara Rosenberg

New York, May 18 – Gogo Intermediate Holdings LLC plans to repay all outstanding debt under its amended and restated senior term loan using proceeds from a $500 million senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used for working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of the company’s next-generation technology solutions.

Gogo is a Chicago-based provider of in-flight connectivity and wireless entertainment solutions for the global aviation industry.

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