GOL redeems 2022 senior notes

Brazil-based GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4) has announced that GOL Finance has initiated an optional redemption of its 8.875% Senior Notes due 2022, the company said.

The Notes will be redeemed on March 23, 2020 at a redemption price equal to 102.219% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

GOL Finance is exercising the call option on these Notes as a part of GOL´s ongoing capital structure strategy, which aims to properly match the tenor of long-term assets and liabilities, optimize the cost of capital, improve cash flows and grow earnings.

The redemption will be funded from the proceeds of long-term aircraft asset divestments realized earlier this year.

GOL Linhas Aéreas Inteligentes S.A. serves more than 36 million passengers annually. GOL offers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States.