SAO PAULO, May 23, 2016 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CC, Fitch: C and Moody's: Caa3), announced today that it is extending the period of the Early Participation Premium until 5:00 p.m., New York City time, on May 27, 2016 (the "Extended Early Participation Time") in connection with the previously announced private Exchange Offers (the "Exchange Offers").
The deadline for noteholders to receive the Early Participation Premium expired at 5:00 p.m., New York City time, on May 17, 2016 (the "Initial Early Participation Time"). As of 5:00 p.m., New York City time, on May 20, 2016, Eligible Holders (as defined below) had validly tendered U.S.$124,585,000 (R$ 438,165,445 as of today) in aggregate principal amount of Old Notes. In the days following the conclusion of the Initial Early Participation Time, a significant number of noteholders inquired about the Early Participation Premium. Based on this result, and the Company's desire to allow its noteholders to exchange their Old Notes, the Company is making the Early Participation Premium available until the Extended Early Participation Time.
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SOURCE GOL Linhas Aereas Inteligentes S.A.