GOL Linhas AÃ©reas Inteligentes S.A., (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, has announced the settlement of the previously announced cash tender offer by its subsidiary, Gol Finance, for any and all of its outstanding USD 276,730,000 aggregate principal amount of 8.875% Senior Notes due 2022, the company said.
The Tender Offer expired at 8:00 a.m., New York City time, on December 6, 2017 (the “Expiration Time”). Valid tenders were received with respect to approximately USD 185,197,000 in aggregate principal amount of Notes.
Gol Finance has accepted for payment all Notes that were validly tendered, or with respect to which a properly completed and duly executed Notice of Guaranteed Delivery was delivered, at or prior to the Expiration Time. Such tendering Holders have received USD 1,065 per USD 1,000 principal amount of Notes tendered, plus accrued and unpaid interest from the last interest payment date to, but not including, the date hereof.
Gol Finance also announced the closing of its previously announced offering of USD 500 million in aggregate principal amount of 7.00% Senior Notes due 2025 (the “New Notes”) in accordance with Rule 144A and Regulation S under the US Securities Act of 1933, as amended (the “Securities Act”). The New Notes will mature on January 31, 2025.
GOL is Brazil´s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order.