Gogo sets Thursday investor call for $500 million offering of secured notes due 2022

By Paul A. Harris

Portland, Ore., May 18 – Gogo Intermediate Holdings LLC plans to participate in an investor conference call beginning at 12:30 p.m. ET on Thursday, according to a syndicate source.

The Chicago-based company seeks to place $500 million of senior secured notes due 2022.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint bookrunners for the Rule 144A for life offering.

Evercore and UBS Investment Bank are the co-managers.

The notes come with three years of call protection.

Proceeds will be used to repay all debt under the company’s amended restated senior term facility, with remaining proceeds for working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of next-generation technology solutions.

Gogo provides in-flight connectivity and wireless entertainment solutions for the global aviation industry.

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