Search

Expiration of Tender Offer by Gol Finance for Any and All of its 8.875% Senior Notes due 2022

Expiration of Tender Offer by Gol Finance for Any and All of its 8.875% Senior Notes due 2022

PR Newswire

SAO PAULO, Feb.1, 2019 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (“GOL” or the “Company”), (NYSE: GOL and B3: GOLL4), Brazil’s #1 airline, announced today that the cash tender offer (the “Tender Offer“) by its subsidiary, Gol Finance (formerly Gol LuxCo S.A.) (“Gol Finance“), for any and all of its outstanding US$91,533,000 aggregate principal amount of 8.875% Senior Notes due 2022 (the “2022 Notes“) (144A CUSIP No. / ISIN 38045LAA8/US38045LAA89 and Reg S CUSIP No. / ISIN L4441PAA8/USL4441PAA86) expired at 5:00 p.m., New York City time, on January 31, 2019 (the “Expiration Time“). At the Expiration Time, valid tenders had been received with respect to approximately US$13,460,000 in aggregate principal amount of 2022 Notes (which excludes 2022 Notes subject to the guaranteed delivery procedures), representing approximately 15% of the 2022 Notes.

Richard Lark, Chief Financial Officer of GOL, said “The participation of noteholders representing approximately 15% of the 2022 Notes in the Tender Offer demonstrates that the market is very comfortable with the GOL credit and positive regarding the future developments of the Company.” Gol Finance expects to accept for payment on February 5, 2019 all 2022 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.

Holders of 2022 Notes who validly tendered their 2022 Notes at or prior to the Expiration Time are eligible to receive US$1,010 per US$1,000 principal amount of 2022 Notes. In addition, accrued and unpaid interest from the last interest payment date to, but not including, the settlement date for the 2022 Notes will be paid in cash on all validly tendered and accepted 2022 Notes.

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell the 2022 Notes or any other securities. Subject to applicable law, Gol Finance may postpone the acceptance for purchase of, and payment for, 2022 Notes that were validly tendered at or prior to the Expiration Time.

Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A. (www.voegol.com.br): Brazil’s largest airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program.

Cision View original content:http://www.prnewswire.com/news-releases/expiration-of-tender-offer-by-gol-finance-for-any-and-all-of-its-8-875-senior-notes-due-2022–300788107.html

SOURCE GOL Linhas Aéreas Inteligentes S.A.



Congress Updates

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]


House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]


Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]


Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]