Gogo to refinance bond, convertible debt with new $900 million five-year secured notes offering

By Paul A. Harris

Portland, Ore., April 15 – Gogo Inc. plans to price a $900 million offering of five-year senior secured first-lien notes on Wednesday, according to a syndicate source.

The deal was scheduled to kick off on a late-Monday morning conference call with investors.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are the joint bookrunners for the Rule 144A for life and Regulation S offering.

Cowen & Co., William Blair, Raymond James & Associates Inc., Roth Capital and Stifel, Nicolaus & Co. Inc. are the co-managers.

The notes become callable after two years at par plus 50% of the coupon. A special call allows the issuer to redeem $150 million of the notes during the first year at 103.

The issuing entities will be Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc.

The Chicago-based provider of in-flight connectivity and wireless entertainment services plans to use the proceeds to fully redeem its 12½% senior secured notes and for general corporate purposes, including the full or partial redemption of its 3¾% convertible notes.

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