São Paulo, September 23, 2021 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4) (“GOL”), Brazil’s largest airline, announces that its subsidiary GOL Finance, a public limited liability company (société anonyme) organized under the laws of Luxembourg, has priced a US$150.0 million reopening of its 8.000% senior secured notes due 2026 (the “additional notes”), as a further issuance of and to be consolidated and form a single fungible series with GOL Finance’s US$200.0 million and US$300.0 million in aggregate principal amount of 8.000% senior secured notes due 2026 issued on December 23, 2020 and May 11, 2021, respectively (together with the additional notes, the “notes”). The issue price of the additional notes is 100.750%, representing a 7.728% yield to maturity. Moody’s assigned the notes a rating of B2.
Purchasers of the additional notes will be required to pay accrued interest from, and including, June 30, 2021 up to, but excluding, the date the additional notes are delivered, which we expect will be September 28, 2021.
The notes will mature on June 30, 2026, be callable by GOL on and after December 24, 2022 and be secured by fiduciary assignments of (i) substantially all of GOL’s intellectual property, including patents, trademarks, brand names and domain names, and (ii) aircraft spare parts located in Brazil.
The collateral securing the notes, together with certain other eligible collateral that may be added to the collateral package by GOL, is available to serve as collateral for other GOL issuances of secured indebtedness or secured exchangeable indebtedness under GOL’s secured debt issuance program, which is designed to complement GOL’s senior unsecured bond issuances and to make GOL’s capital structure more efficient and diverse.
GOL intends to use the proceeds from the offering of the additional notes for general corporate purposes, including opportunistic aircraft acquisitions and working capital.