Le Lézard
Classified in: Tourism and vacations, Transportation, Business
Subject: TNM

Expiration of Cash Tender Offer for up to US$50 million of 2020 Notes by Gol Finance


SAO PAULO, Jan. 16, 2018 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announced today that the cash tender offer (the "Tender Offer") by its subsidiary, Gol Finance (formerly known as "Gol LuxCo S.A.") ("Gol Finance"), for up to US$50 million in aggregate principal amount of its outstanding 9.250% Senior Notes due 2020 (the "Notes") (144A CUSIP / ISIN Nos. 38045U AD2/US38045UAD28 and Reg S CUSIP / ISIN Nos. G3980P AD7/USG3980PAD71) expired at 11:59 p.m., New York City time, on January 12, 2018 (the "Expiration Time"). At the Expiration Time, valid tenders had been received after 5:00 p.m., New York City time, on December 28, 2017 (the "Early Tender Time") but at or prior to the Expiration Time with respect to US$ 100,000 in aggregate principal amount of Notes.

Gol Finance expects to accept and make payment for all Notes that were validly tendered after the Early Tender Time but at or prior to the Expiration Time on January 16, 2018 (the "Final Settlement Date"). Such tendering Holders will receive US$990 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 Final Settlement Date.

Gol Finance will use a portion of the net proceeds from its offering of 7.00% Senior Notes due 2025, which closed on December 11, 2017, to purchase all Notes validly tendered after the Early Tender Time and to pay related costs and expenses.

Disclaimer

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell the Notes or any other securities.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the United States Securities Exchange Act of 1934, as amended, including those related to final settlement of the Tender Offer. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements. These risks and uncertainties include, but are not limited to, general economic, political and business conditions in Brazil, South America and the Caribbean, existing and future governmental regulations, including air traffic capacity controls, and management's expectations and estimates concerning the company's financial performance and financing plans and programs. Additional information concerning potential factors that could affect the company's financial results is included in Gol Linhas Aéreas Inteligentes S.A.'s Annual Report on Form 20-F for the year ended December 31, 2016 and its current reports filed with the Securities and Exchange Commission. Neither Gol Linhas Aéreas Inteligentes S.A. nor Gol Finance is under any obligation to (and expressly disclaims any such obligation to) update forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Investor Relations
[email protected]
www.voegol.com.br/ir
+55 (11) 2128-4700

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 over 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 17 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).

 

SOURCE GOL Linhas Aéreas Inteligentes S.A.


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