SAO PAULO, May 26, 2016 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CC, Fitch: C and Moody's: Caa3), the largest low-cost and best-fare airline in Latin America reminds unsecured bondholders that the extended deadline to qualify for the "Early Acceptance Premium", which is equal to 5% of the original face value, for exchanging Senior Notes maturing in 2017, 2020, 2022 and 2023 and Perpetual Notes (together, the "Old Notes") for newly issued Secured Notes in its private Exchange Offers, is Friday, May 27, 2016, at 5:00 p.m. New York City time (6:00 p.m. Brasilia time).
The premium of approximately 10% to 50% offered over current market prices includes the Early Acceptance Premium of 5% of the original face value for holders of the Old Notes.
The Secured Notes will be secured by a first priority security interest in all spare parts owned by GOL, and, as a result, structurally senior to all of GOL's existing and future unsecured indebtedness. Holders of Old Notes not exchanging will not get the benefit of the collateral, and holders of Old Notes who do not participate in the Exchange Offers will be effectively subordinated to the Secured Notes.
For more information and to participate in the private exchange offer, eligible bondholders can visit the following website: www.dfking.com/gol. Holders may contact D.F. King & Co., Inc, the information agent, at (212) 269-5550 or toll free at (866) 796-6898.
This press release is neither an offer to sell nor the solicitation of an offer to buy any security. Neither GOL, its officers, our board of directors, the Exchange Agent nor the Information Agent is making any recommendation as to whether noteholders should tender Old Notes for exchange pursuant to the Exchange Offers. Further, none of the aforementioned parties have authorized anyone to make any such recommendation.
Phone: +55 (11) 2128-4183
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SOURCE GOL Linhas Aéreas Inteligentes S.A.