GOL | Term loan | 09-15 | $300m | Transaction | Airfinance Journal

GOL | Term loan | 09-15 | $300m

The subsidiary Gol Luxco issued a debt in the amount of US$300m with term of 5 years and effective interest rate of 6.5%.  The company included the additional third party guarantee (Backstop Guaranty) granted by Delta which, in return, according to the agreement, the company granted to Delta the pledge of common shares issued by subsidiary Smiles and held by the company.  

 


Deal Categories

Regions:
Latin America
Brazil
Tagged as:
Secured
BRICS

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8