Gol Finance, a subsidiary of Brazil-based GOL Linhas AÃ©reas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4), has announced it has has commenced a cash tender offer for any and all of its outstanding USD 91,533,000 aggregate principal amount of 8.875% Senior Notes due 2022, the company said.
The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on January 16, 2019, unless extended or earlier terminated. Holders who validly tender their 2022 Notes at or prior to the Expiration Time will be eligible to receive USD 1,010 for each USD 1,000 principal amount of 2022 Notes tendered, plus accrued interest.
Gol Finance has engaged Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC to act as the dealer managers in connection with the Tender Offer.
GOL Linhas AÃ©reas Inteligentes S.A. serves more than 30 million passengers annually. With Brazil´s largest network, GOL offers customers more than 700 daily flights to 69 destinations in 10 countries in South America, Caribbean and the United States.