Gogo commences USD50m senior secured notes offering

Gogo Inc. (NASDAQ: GOGO) has commenced a private offering of USD50 million aggregate principal amount of additional 12.500 percent senior secured notes due 2022, the company said.

The company said the notes will be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC, and its indirect wholly owned subsidiary, Gogo Finance Co. Inc.

The initial 12.500 percent senior secured notes due 2022 were issued in an aggregate principal amount of USD525 million on June 14, 2016.

The issuer said it intends to use the net proceeds from the sale of the additional notes for working capital and other general corporate purposes.