GOL concludes USD300m term loan

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL) said that on August 31, 2015, its subsidiary Gol LuxCo S.A. entered into the Credit and Guaranty Agreement together with Morgan Stanley Senior Funding, Inc., acting as administrative agent and representative of the interests of the creditors, with an aggregate principal amount of USD 300,000,000 , with remuneration of 6.5 percent per year and maturity date of five years.

The company and VRG Linhas Aereas S.A. granted personal guarantee in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement.

Besides the guarantee granted by the Guarantors, Delta Air Lines, Inc. granted a backstop guaranty, in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement.

GOL Linhas Aereas Inteligentes, the largest low-cost and best-fare airline in Latin America, offers around 900 daily flights to 73 destinations, 17 international, in South America, the Caribbean and the United States, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type.