GOL Concludes Refinancing of Debentures
São Paulo, September 27, 2023 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), (“GOL” or “Company”), the leading domestic airline in Brazil, announces that it has completed the refinancing of the debentures of GOL Linhas Aéreas S.A. (“GLA”), an operating unit of the Company. In the refinancing, approximately R$100 million will be amortized in September 2023 and approximately R$900 million will be amortized in 30 installments between January 2024 and June 2026. The extension of the 7th Issuance of Debentures (“7th Issuance of Debentures”) and the extension of the 8th Issuance of Debentures (“8th Issuance of Debentures”, and, together with the 7th Issuance of Debentures, “Debentures”) of GLA, will have final maturity in June 2026. The syndicate participants are local banks. The Debentures will have an annual yield of CDI+5.0%, and may be redeemed in advance by the Company.
As a result of the refinancing, a significant portion of financial obligations due during 2H23 were rescheduled.
“With this operation, GOL continues the disciplined execution of its plan to optimize its balance sheet, extending its short-term debt maturities, matching liabilities to existing assets, and aligning debt service with the Company’s operating cash generation”, said Mario Liao, CFO.