SÃO PAULO, Dec. 22,
2022 /PRNewswire/ -- GOL Linhas Aéreas
Inteligentes S.A. (NYSE: GOL and B3:
GOLL4) ("GOL" or "Company" or "GLAI"), Brazil's
largest airline, announces that its subsidiary
GOL Finance, a public limited liability
company (société anonyme) organized under the laws of Luxembourg,
has agreed to issue, subject to certain closing conditions, 5.00%
senior
secured amortizing notes due 2026 (Series
A) and 3.00% subordinated secured
amortizing notes due 2025 (Series B) in an
aggregate amount of approximately US$200
million. The Notes are guaranteed
by GLAI and GOL Linhas Aéreas
S.A. ("GLA"), and have an average cost of
capital to GOL of 4.3% p.a.
The Notes are being issued in exchange
for full satisfaction, at 100% of face value,
of certain aircraft leasing payment obligations that are
under deferral agreements, among other obligations that
the participating aircraft lessors chose to
exchange for Notes.
The Notes will have on average a 12 month grace period.
Following the grace period, the Series A Notes will amortize
in ten equal quarterly installments and the Series B Notes will
amortize in
nine equal quarterly installments and will be contractually subordinated to the Series
A Notes. The Notes are callable by GOL at any
time at par and are secured by a fiduciary sale
assignment
of unencumbered receivables (independently appraised at an
aggregate value of R$3.0 billion).
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 is the largest airline
in Brazil, leader
in the corporate and leisure
segments. Since founded in 2001, the Company
has the lowest unit cost in Latin
America, thus democratizing air transportation.
The Company
has alliances with American Airlines
and Air FranceKLM and makes available several
codeshares and interline agreements available to Customers,
bringing more convenience and
simple connections to any place served by these partnerships. With the purpose
of "Being the First for All", GOL offers
the best travel experience to its passengers, including: the
largest number of seats and more space between seats; the
greatest platform with internet, movies and live TV; and the best
frequent- flyer program, SMILES. In cargo
transportation, GOLLOG delivers orders to
different regions in Brazil and abroad. The Company has a team
of 14,000 highly qualified aviation professionals focused
on Safety, GOL's #1 value, and operates a standardized fleet
of 145 Boeing 737 aircraft. The
Company's shares are traded on the NYSE (GOL) and the B3 (GOLL4).
For further information, go to www.voegol.com.br/ri.
The Notes and guarantees have not been and will not be
registered under the Securities Act and, unless so registered,
may not be offered or sold in the United
States except pursuant to an exemption form, or in
a transaction not subject to, the registration requirements of the
Securities Act.
View original
content:https://www.prnewswire.com/news-releases/gol-announces-issue-of-secured-amortizing-notes-301709398.html
SOURCE GOL Linhas Aéreas Inteligentes S.A.