Use of proceeds of the offering will primarily repay existing debt maturing
in the next three years
São Paulo – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BMF&BOVESPA: GOLL4), the largest low-cost and low-fare airline in Latin America, announced today that it has priced an offering of USD300 million of 9.25% senior notes due 2020 in an offering exempt from registration under the United States Securities Act of 1933, as amended (“Securities Act”).
Gol and its subsidiary, VRG Linhas Aéreas S.A., will guarantee the notes. The notes will be senior unsecured debt obligations of Gol and are subject to optional redemption with make whole. Gol intends to use the proceeds of the offering primarily to repay existing debt maturing in the next three years.
The notes have not been and will not be registered under the Securities Act and may not be offered or sold (a) in the United States absent registration or an applicable exemption from registration under the Securities Act, or (b) in any other jurisdiction in which such offer or sale is prohibited. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy the notes.
Picture: Carstino Delmonte/ Touristikpresse.net