GOL Linhas Aereas Inteligentes S.A., (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, has announced the closing of the tap offering of USD 150 million in aggregate principal amount of 7.000% Senior Notes due 2025 (the “2025 Notes”) by its subsidiary, Gol Finance (formerly known as “Gol LuxCo S.A.”), the company said.
A part of the net proceeds from the tap offering of 2025 Notes will be used to redeem in full the outstanding 9.250% Senior Notes due 2020 (144A CUSIP/ISIN: 38045U AD2/US38045UAD28; Regulation S CUSIP/ISIN: G3980P AD7/USG3980PAD71) (the “2020 Notes”) issued by Gol Finance, an exempted company incorporated with limited liability in the Cayman Islands (“Gol Finance Cayman”).
Gol Finance Cayman has given formal notice to the holders of its 2020 Notes of its intention to redeem such 2020 Notes on or around March 7, 2018, in accordance with their terms and conditions. This press release does not constitute a notice of redemption of the 2020 Notes.
Once the call option for the outstanding 2020 Notes is exercised in full as per the announcement, GOL´s nearest bond maturity in the international debt capital markets will be due in 2022.
Brazil´s largest airline group. GOL is Brazil´s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 65 destinations, 54 in Brazil and 11 in South America and the Caribbean, on a fleet of 119 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a cargo transportation and logistics business serving more than 2,400 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 13 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 14,000 highly skilled aviation professionals delivering Brazil´s top on-time performance, and an industry 17 year safety record. GOL´s shares are traded on the NYSE (GOL) and the B3 (GOLL4).