SÃO PAULO, May 6, 2021
/PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE:
GOL and B3: GOLL4) ("GLAI"), Brazil's largest domestic
airline, announces that its subsidiary GOL Finance, a public
limited liability company (société anonyme) organized under
the laws of Luxembourg (the
"Issuer"), has priced a US$300.0
million reopening of its 8.00% senior secured notes due
2026 (the "additional notes"), as a further issuance of and to be
consolidated and form a single fungible series with the Issuer's
US$200.0 million in aggregate
principal amount of 8.00% senior secured notes due 2026 issued on
December 23, 2020 (the "initial
notes" and, together with the additional notes, the "notes"). The
issue price of the additional notes is 100%, representing a 8%
yield to maturity. Moody's assigned the notes a rating of B2.
Purchasers of the additional notes will be required to pay
accrued interest from, and including, December 23, 2020 up to, but excluding, the date
the additional notes are delivered, which we expect will be
May 11, 2021.
The notes will mature on June 30,
2026, be callable by GLAI on and after December 24, 2022 and be secured by fiduciary
assignments of (i) substantially all of GLAI's intellectual
property, including patents, trademarks, brand names and domain
names, and (ii) aircraft spare parts located in Brazil.
The collateral securing the notes, together with certain other
eligible collateral that may be added to the collateral package by
GLAI, is available to serve as collateral for other GLAI issuances
of secured indebtedness or secured exchangeable indebtedness under
GLAI's secured debt issuance program, which is designed to
complement GLAI's senior unsecured bond issuances and to make
GLAI's capital structure more efficient and diverse.
GLAI intends to use the proceeds from the offering of the
additional notes for general corporate purposes, including
liability management and opportunistic aircraft acquisitions.
The notes and related guarantees have not been and will not
be registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), and they will only be offered or sold to
(i) qualified institutional buyers (as defined in Rule 144A under
the Securities Act) and (ii) outside the
United States to non-U.S. persons pursuant to Regulation S
under the Securities Act.
GOL Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A. ("GOL")
GOL
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. GOLLOG's cargo transportation and logistics
business serves more than 3,400 Brazilian municipalities and more
than 200 international destinations in 95 countries. SMILES allows
over 16 million registered clients to accumulate miles and redeem
tickets to more than 700 destinations worldwide on the GOL partner
network. Headquartered in São Paulo, GOL has a team of
approximately 14,000 highly skilled aviation professionals and
operates a fleet of 127 Boeing 737 aircraft, delivering
Brazil's top on-time performance
and an industry leading 20-year safety record. GOL has invested
billions of Reais in facilities, products and services and
technology to enhance the customer experience in the air and on the
ground. GOL's shares are traded on the NYSE (GOL) and the B3
(GOLL4). For further information, visit
www.voegol.com.br/ir.
Disclaimer
This press release contains
forward-looking statements that are based exclusively on the
expectations of GOL's management. Such forward-looking statements
depend substantially on external factors, in addition to the risks
disclosed in GOL's filed disclosure documents and are, therefore,
subject to change without prior notice.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.