ão Paulo, May 06, 2021 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ("GOL" or "Company"), Brazil's largest domestic airline, announces that its subsidiary GOL Finance, a public limited liability company (société anonyme) organized under the laws of Luxembourg (the "Issuer"), has priced a US$300.0 million reopening of its 8.00% senior secured notes due 2026 (the "additional notes"), as a further issuance of and to be consolidated and form a single fungible series with the Issuer's US$200.0 million in aggregate principal amount of 8.00% senior secured notes due 2026 issued on December 23, 2020 (the "initial notes" and, together with the additional notes, the "notes"). The issue price of the additional notes is 100%, representing a 8% 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, December 23, 2020 up to, but excluding, the date the additional notes are delivered, which we expect will be May 11, 2021.
The notes will mature on June 30, 2026, be callable by GLAI on and after December 24, 2022 and be secured by fiduciary assignments of (i) substantially all of GLAI'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 GLAI, is available to serve as collateral for other GLAI issuances of secured indebtedness or secured exchangeable indebtedness under GLAI's secured debt issuance program, which is designed to complement GLAI's senior unsecured bond issuances and to make GLAI's capital structure more efficient and diverse.
GLAI intends to use the proceeds from the offering of the additional notes for general corporate purposes, including liability management and opportunistic aircraft acquisitions.