SAO PAULO, Dec. 12, 2017 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GLAI"), (NYSE :GOL and B3: GOLL4), Brazil's #1 airline, announced today the settlement of the previously announced cash tender offer (the "Tender Offer") by its subsidiary, Gol Finance (formerly known as "Gol LuxCo S.A.") ("Gol Finance"), for any and all of its outstanding US$276,730,000 aggregate principal amount of 8.875% Senior Notes due 2022 (the "Notes") (144A CUSIP / ISIN Nos. 38045LAA8/US38045LAA89 and Reg S CUSIP / ISIN L4441PAA8/USL4441PAA86). The Tender Offer expired at 8:00 a.m., New York City time, on December 6, 2017 (the "Expiration Time"). Valid tenders were received with respect to approximately US$185,197,000 in aggregate principal amount of Notes.
Gol Finance has accepted for payment all Notes that were validly tendered, or with respect to which a properly completed and duly executed Notice of Guaranteed Delivery was delivered, at or prior to the Expiration Time. Such tendering Holders have received US$1,065 per US$1,000 principal amount of Notes tendered, plus accrued and unpaid interest from the last interest payment date to, but not including, the date hereof.
Gol Finance also announced the closing of its previously announced offering of US$500 million in aggregate principal amount of 7.00% Senior Notes due 2025 (the "New Notes") in accordance with Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The New Notes will mature on January 31, 2025.
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About GOL Linhas Aéreas Inteligentes S.A.
Brazil's largest airline group. GOL is Brazil's largest airline, carrying 33 million passengers annually on more than 700 daily flights to 64 destinations, 53 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,400 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with 13 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 15,000 highly skilled aviation professionals delivering Brazil's top on-time performance, and an industry leading 16 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).
SOURCE GOL Linhas Aereas Inteligentes S.A.