SAO PAULO, May 16, 2016 /PRNewswire/ -- GOL Linhas Aereas 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 announced on May 3, 2016, that it commenced private Exchange Offers intended to ensure that the Company emerges from its restructuring in the best competitive position.
Investors that participate in the voluntary exchange will receive New Notes guaranteed by spare parts owned by GOL. The Company retained Morten Beyer & Agnew (MBA), an internationally recognized expert consultant, to conduct an appraisal of the collateral and valued it at approximately US$223 million. The spares are used in the operation of GOL's fleet of Boeing 737-700 and 800 Next Generation aircraft.
For more information and to participate in the private Exchange Offer, eligible bondholders should visit the following website: www.dfking.com/gol.
The New Notes (including the guarantees) have not been registered under the Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except to qualified institutional buyers in compliance with applicable exemptions.
Documents relating to the Exchange Offers will only be distributed to "Eligible Holders" of Old Notes who complete and return an eligibility form confirming that they are (1) a "Qualified Institutional Buyer" (as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act")) or (2) a person outside the United States that is not a "U.S. Person," (as that term is defined in Rule 902 of Regulation S under the Securities Act).
For further information visit www.voegol.com.br/ir
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gol-provides-collateral-in-private-exchange-offer-300268937.html
SOURCE GOL Linhas Aereas Inteligentes S.A.