GOL Linhas AÃ©reas Inteligentes S.A. (“GOL”), (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, has announced that the cash tender offer (the “Tender Offer”) by its subsidiary, Gol Finance (formerly known as “Gol LuxCo S.A.”) (“Gol Finance”), for up to USD 50 million in aggregate principal amount of its outstanding 9.250% Senior Notes due 2020 (the “Notes”) has expired, the company said.
Gol Finance expects to accept and make payment for all Notes that were validly tendered after the Early Tender Time but at or prior to the Expiration Time on January 16, 2018 (the “Final Settlement Date”). Such tendering Holders will receive USD 990 per USD 1,000 principal amount of Notes tendered, plus accrued and unpaid interest from the last interest payment date to, but not including, the Final Settlement Date.
Gol Finance will use a portion of the net proceeds from its offering of 7.00% Senior Notes due 2025, which closed on December 11, 2017, to purchase all Notes validly tendered after the Early Tender Time and to pay related costs and expenses.
Brazil´s largest airline group. GOL is Brazil´s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order.