Gogo to pay down senior term loan facility debt with new note offering

By Tali Rackner

Norfolk, Va., June 9 – Gogo Intermediate Holdings LLC plans to repay its outstanding debt under its existing senior term credit facility with the proceeds from a $500 million senior secured note offering, according to a press release from parent company Gogo Inc.

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

Chicago-based parent Gogo Inc. provides in-flight connectivity and wireless entertainment solutions for the aviation industry.

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