SÃO PAULO, September 23, 2021 / PRNewswire / – GOL Linhas Aéreas Inteligentes SA (NYSE: GOL and B3: GOLL4) (“GOL”), Brazil’s largest airline, announces that its subsidiary GOL Finance, a public limited company (anonimous society) organized under the laws of Luxembourg, fixed the price of a 150 USD, 0 million reopening of its 8,000% senior secured notes due 2026 (the “Additional Notes”), as an additional issue of and to be consolidated into a single fungible series with GOL Finance US $ 200.0 million and US $ 300.0 million total principal amount of 8,000% senior secured notes due 2026 issued on December 23, 2020 and May 11, 2021, respectively (with the additional notes, the “notes”). The issue price of the Additional Notes is 100.750%, representing a yield to maturity of 7.728%. Moody’s has assigned a rating of B2 to the Notes.
Purchasers of the additional tickets will be required to pay interest accrued from June 30, 2021 inclusive up to, but excluding, the delivery date of the additional tickets, which we believe will be September 28, 2021.
Notes will mature on June 30, 2026, be callable by GOL on and after December 24, 2022 and be secured by fiduciary assignments of (i) substantially all of GOL’s intellectual property, including patents, trademarks, brand names and domain names, and (ii) spare parts of GOL aircraft located in Brazil.
The collateral securing the Notes, as well as certain other eligible collateral which may be added to the collateral package by GOL, are available to serve as collateral for other issues of secured debt or exchangeable debt guaranteed by GOL under the GOL program. GOL’s secured debt issuance, which is designed to complement GOL’s senior unsecured bond issuance and make GOL’s capital structure more efficient and diversified.
GOL intends to use the proceeds from the additional ticket offering for general corporate purposes, including opportunistic aircraft acquisitions and working capital.
The Notes and related collateral have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and will only be offered or sold to (i) purchasers. qualified institutions (as defined in Rule 144A under the Securities Act) and (ii) outside United States to non-US persons in accordance with Regulation S of the Securities Act.
GOL Investor Relations
+55 (11) 2128-4700
Becky nye, Montieth & Company
About GOL Linhas Aéreas Inteligentes SA (“GOL”)
GOL is from Brazil largest airline, leader in business and leisure segments. Since its establishment in 2001, it has been the airline with the lowest unit cost in Latin America, which allowed the democratization of air transport. GOL has a strategic alliance with American Airlines and Air France-KLM, in addition to providing customers with numerous codeshare and interline agreements, bringing more convenience and ease of connections to any location served by these partnerships. With the goal of “being the first for everyone”, GOL offers the best travel experience for its passengers, including: largest inventory of seats and the most legroom; the most complete platform with internet, movies and live TV; and the best loyalty program, SMILES. In the transport of goods, GOLLOG delivers packages to different regions of Brazil and abroad. GOL has a team of 15,000 highly skilled aviation professionals focused on safety, GOL’s number one value, and operates a standardized fleet of 127 Boeing 737s. GOL’s shares are traded on the NYSE (GOL) and B3 (GOLL4). For more information visit www.voegol.com.br/ir.
This press release contains forward-looking statements based exclusively on the expectations of the management of GOL. Such forward-looking statements depend in large part on external factors, in addition to the risks disclosed in the information documents filed by GOL and, therefore, are subject to change without notice.
SOURCE GOL Linhas Aéreas Inteligentes SA