GOL Announces 4th Issuance of VRG Linhas Aereas Debentures
The operation will restricted to raising R$600 million and is intended to advance payment for the remaining R$378-million balance from the 3rd Issuance, to finance working capital and to pay suppliers.
SAO PAULO, Sept. 30 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and BM&FBovespa: GOLL4), (S&P/Fitch: BB-/BB-, Moody's: Ba3), the largest low-cost and low-fare airline in Latin America, announces the initial distribution of the 4th Issue of Simple, Non-Convertible Debentures of VRG Linhas Aereas S.A. ("VRG"), with restricted placement efforts, pursuant to CVM Instruction 476/2009, to raise R$600 million.
"This operation is in line with GOL's objective of continuing to extend the profile of its debt and deleverage its balance sheet in a consistent manner," declared Leonardo Pereira, GOL's vice-president and CFO.
The proceeds will be used to prepay the remaining R$378 million balance from VRG Linhas Aereas S.A.'s 3rd Debenture Issue of May 2009. The remainder will be used to finance working capital and pay suppliers.
The debentures will yield 118.00% of the CDI interbank rate. The principal will be amortized in September 2015 with interest payments every six months.
Primary Coordinator: BB Banco de Investimento S.A.
Coordinator: Bradesco BBI
Operation Trustee: Planner Trustee DTVM Ltda
Contacts |
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Investor Relations |
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Leonardo Pereira – Vice President / CFO |
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Rodrigo Alves – Capital Markets Officer |
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Phone.: (55 11) 2128-4700 |
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E-mail: [email protected] |
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Website:www.voegol.com.br/ir |
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Twitter: www.twitter.com/GOLinvest |
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Corporate Communications |
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Twitter: www.twitter.com/GOLcomunicacao |
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Media Relations |
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Edelman (USA and Europe): |
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Meaghan Smith and Robby Corrado |
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Phone.: +1 (212) 704-8196 / 704-4590 |
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E-mail: [email protected] |
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SOURCE GOL Linhas Aereas Inteligentes S.A.
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