São Paulo, December 30, 2022 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4) (“GOL” or “Company” or “GLAI”), Brazil’s largest airline, announces that its subsidiary GOL Finance, a public limited liability company (société anonyme) organized under the laws of Luxembourg, has issued 5.00% senior secured amortizing notes due 2026 (Series A) and 3.00% subordinated secured amortizing notes due 2025 (Series B) in an aggregate amount of US$196 million. The Notes are guaranteed by GLAI and GOL Linhas Aéreas S.A. (“GLA”), and have an average cost of capital to GOL of 4.3% p.a.
The Notes were issued in exchange for full satisfaction, at 100% of face value, of certain aircraft leasing payment obligations that are under deferral agreements, among other obligations that the participating aircraft lessors chose to exchange for Notes.
The Notes have on average a 12-month grace period. Following the grace period, the Series A Notes amortizes in ten equal quarterly installments and the Series B Notes amortizes in nine equal quarterly installments and will be contractually subordinated to the Series A Notes. The Notes are callable by GOL at any time at par and are secured by a fiduciary sale assignment of unencumbered receivables (independently appraised at an aggregate value of R$3.0 billion).