São Paulo, January 16, 2018 - GOL Linhas Aéreas Inteligentes S.A. ("GOL"), (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 known as "Gol LuxCo S.A.") ("Gol Finance"), for up to US$50 million in aggregate principal amount of its outstanding 9.250% Senior Notes due 2020 (the "Notes") (144A CUSIP / ISIN Nos. 38045U AD2/US38045UAD28 and Reg S CUSIP / ISIN Nos. G3980P AD7/USG3980PAD71) expired at 11:59 p.m., New York City time, on January 12, 2018 (the "Expiration Time"). At the Expiration Time, valid tenders had been received after 5:00 p.m., New York City time, on December 28, 2017 (the "Early Tender Time") but at or prior to the Expiration Time with respect to US$ 100,000 in aggregate principal amount of Notes.
Gol Finance expects to accept and make payment for all Notes that were validly tendered after the Early Tender Time but at or prior to the Expiration Time on January 16, 2018 (the "Final Settlement Date"). Such tendering Holders will receive US$990 per US$1,000 principal amount of Notes tendered, plus accrued and unpaid interest from the last interest payment date to, but not including, the Final Settlement Date.
Gol Finance will use a portion of the net proceeds from its offering of 7.00% Senior Notes due 2025, which closed on December 11, 2017, to purchase all Notes validly tendered after the Early Tender Time and to pay related costs and expenses.