Gogo announces $20 million tap of 9 7/8% notes due 2024

By Paul A. Harris

Portland, Ore., May 3 – Gogo Inc. announced in a Friday press release that it has commenced a private $20 million add-on to the Gogo Intermediate Holdings LLC 9 7/8% senior secured notes due 2024.

The original $905 million issue came April 25, 2019.

On May 3, 2019, Gogo obtained the consent of the majority of the holders of the initial notes to amend its credit facility to increase the amount of debt that may be incurred by $20 million.

Proceeds from the Rule 144A deal will be used for general corporate purposes.

Chicago-based Gogo provides inflight internet services.

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