SAO PAULO, May 13, 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, as part of its comprehensive restructuring plan, is offering a significant premium to bondholders that elect to exchange their outstanding unsecured bonds for cash and new secured bonds.
Unsecured bondholders have the opportunity to exchange their securities at approximately a 10 to 50% premium to their current market value, for cash consideration and new bonds secured by collateral. Based on current market prices, holders of the Senior Notes maturing in 2017 can exchange their bonds at approximately a 50% premium. The holders of Notes maturing in 2020, 2022 and 2023 can exchange at approximately a 20% premium over current market value. The Perpetual Notes holders can exchange at a premium of approximately 10%.
"The Exchange Offer represents an opportunity for bondholders to participate in the restructuring and receive a premium for their bonds. We are confident that bondholders will recognize that it is in their best interests to exchange their notes," said Edmar Lopes, GOL´s CFO.
For more information and to participate in the private exchange offer, eligible bondholders can visit the following website: www.dfking.com/gol.
In Press Porter Novelli
+55 11 94547 7447
Michael Freitag, Meaghan Repko and Dan Moore
Joele Frank, Wilkinson Brimmer Katcher
About GOL Linhas Aéreas Inteligentes S.A.
In 15 years of history, GOL Linhas Aéreas Inteligentes helped build links, bringing people closer and reduce distances with safety and intelligence. The company played an important role in the democratization of air travel in Brazil, contributing to enable approximately 17 million people to fly for the first time, becoming the largest low-cost and best-fare airline in Latin America. GOL is also the leading company in terms of on-time performance and number of passengers carried in the domestic market, both in the leisure and corporate segments – according to Infraero.
GOL has the highest supply of seats with ANAC's "A" seal, providing even more comfort in its 800 daily flights to 65 domestic and international destinations in South America and the Caribbean.
The company maintains strategic alliances with three major global partners: Delta Air Lines, Air France and KLM, allowing it to offer twelve codeshare and more than 70 interline agreements, bringing more convenience and facilitating connections to any destination of these alliances.
Through SMILES, GOL's loyalty program, passengers can accumulate miles and redeem tickets to more than 160 countries and 800 destinations worldwide. The Company also operates Gollog, which retrieves and delivers cargo and packages to and from approximately 2,500 cities in Brazil and ten abroad.
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).
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SOURCE GOL Linhas Aereas Inteligentes S.A.