GOL announces successful re-tap of secured amortizing notes
Jun. 12, 2023 2:06 PM ETGol Linhas Aéreas Inteligentes S.A. (GOL)By: Pranav Ghumatkar, SA News Editor
- GOL Linhas Aéreas Inteligentes (NYSE:GOL) has announced that its subsidiary GOL Finance, has successfully completed on June 7, 2023 a re-tap in an aggregate principal amount of $9M of its 3% subordinated secured amortizing notes due 2025.
- Raising the outstanding total principal amount of GOL Finance's 5% senior secured amortizing notes due 2026 and 3% subordinated secured amortizing notes due 2025 to $231M.
- The New Notes were issued in exchange for full satisfaction, at 100% of face value, of certain aircraft leasing payment obligations that are under deferral agreements, among other obligations that the participating aircraft lessors chose to exchange for New Notes.