São Paulo, December 21, 2020 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, today announces that its subsidiary GOL Finance priced a private placement of US$200,000,000 (approximately R$1,018,000,000) aggregate principal amount of 8.00% Senior Secured Notes due 2026 (the "Notes") guaranteed by GLAI and GOL Linhas Aéreas S.A. ("GLA"), pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended (the "Securities Act").
The Notes will mature on June 30, 2026, be callable by the Company after the second anniversary of the issuance, and be secured by fiduciary assignments of certain assets: (i) substantially all of GLA's intellectual property, including patents, trademarks, brand names and domain names (independently appraised at an aggregate value of R$3.53 billion), and (ii) GLA's aircraft spare parts located in Brazil (independently appraised at an aggregate value of US$189 million).
The private placement of the Notes is the first issuance under a new secured debt program, designed to complement and further diversify the Company's senior unsecured bond issuances and capital structure.
The collateral securing the Notes, together with certain other collateral that may be added to the collateral package by GOL, is available to serve as collateral for other Company issuances of secured indebtedness or secured exchangeable indebtedness under the program, if any.
GOL will use the proceeds from the offering for working capital of the guarantors, for repayment of certain existing indebtedness and for general corporate purposes.
The Notes and guarantees have not been and will not be registered under the Securities Act and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.