SAO PAULO, June 9, 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 Expiration Time for its previously announced private Exchange Offers until 11:59 p.m., New York City time, on June 15, 2016. The Issuer is not making any other changes to the Exchange Offers.
As of 5:00 p.m., New York City time, on June 8, 2016, Eligible Holders (as defined below) had validly tendered U.S.$134,881,000 (R$ 457,219,614 as of today) in total aggregate principal amount of Old Notes, divided as follows: (i) U.S.$24,471,000 of 2017 Notes, (ii) U.S.$29,345,000 of 2020 Notes, (iii) U.S.$30,150,000 of 2022 Notes, (iv) U.S.$ 11,956,000 of 2023 Notes and (v) U.S.$38,959,000 of Perpetual Notes.
Tendered Old Notes may not be withdrawn, subject to limited exceptions. If the Issuer (i) reduces the principal amount of Old Notes subject to the Exchange Offers, (ii) reduces the Exchange Consideration or (iii) is otherwise required by law to permit withdrawals, then previously tendered Old Notes may be validly withdrawn within a reasonable period under the circumstances after the date that notice of such reduction or permitted withdrawal is first published or given or sent to holders of the Old Notes by the Issuer. The Issuer may further extend the Expiration Time without extending the Withdrawal Deadline, unless otherwise required by law.
For further information visit www.voegol.com.br/ir
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
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SOURCE GOL Linhas Aereas Inteligentes S.A.