Brazil-Based GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4) has announces it has fulfilled its repayment obligations under the Term Loan B contracted in August 2015 in the amount of USD 300 million, plus accrued interest, the company said.
The average maturity of the company´s long-term debt after the Term Loan amortization, excluding aircraft leases and perpetual notes, is approximately four years.
The Company closed August with approximately BRL 5.7 billion of total liquidity including deposits and unencumbered assets, with approximately BRL 2.1 billion of liquidity in cash and receivables after the amortization of the Term Loan.
GOL Linhas Aéreas Inteligentes S.A. serves more than 36 million passengers annually. With Brazil´s largest network, GOL offers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States.