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Brazil’s GOL takes in tenders of $185.2 million 8 7/8% notes due 2022
By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – GOL Linhas Aereas Inteligentes SA said subsidiary Gol Finance, formerly known as Gol LuxCo SA, took in tenders of $185,197,000 of its $276.73 million principal amount of 8 7/8% senior notes due 2022 in the offer that ended at 8 a.m. ET on Dec. 6.
The offer price was $1,065 for each $1,000 principal amount plus accrued interest.
The company expects to accept all the tenders and to make payment for them concurrently with closing of its offering of $500 million of 7% senior notes due 2025, which is expected to occur on Dec. 11.
D.F. King & Co., Inc. (877 283-0317, 212 269-5550, gol@dfking.com and dfking.com/gol) is the tender agent and information agent. Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147), Bank of America Merrill Lynch (646 855-8988 or 888 292-0073), Morgan Stanley & Co LLC (800 624-1808 or 212 761-1057) and BCP Securities, LLC (203 629-2186) are the dealer managers.
The issuer is an airline based in Sao Paulo.
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