Brazil’s GOL Linhas repays $300 million obligation under term loan B

By Taylor Fox

New York, Sept. 8 – GOL Linhas Aereas Inteligentes SA fulfilled its repayment obligations under the term loan B contracted August 2015 in the amount of $300 million plus interest on Aug. 31, according to a news release.

The average maturity of the GOL’s long-term debt after the loan amortization, excluding aircraft leases and perpetual notes, is four years.

“Going forward, we have no significant debt maturities until 2024,” said chief financial officer Richard Lark. “This is a reflection of the company’s commitment to strengthening its balance sheet over the last four years.”

GOL Linhas provides airline services for passengers and cargo, based in Rio de Janeiro.

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