April 16, 2019

Gol Airlines prices convertible bonds

Gol Equity Finance, an orphan special purpose vehicle organised under the laws of the Grand Duchy of Luxembourg, priced on 21 March a $300 million offering of exchangeable senior notes due 2024.

The issuer has also granted the initial purchasers of the 3.75% notes an option to purchase up to an additional $45 million.

Holders may exchange notes into American depositary shares.

The initial exchange rate of the notes is 49.3827 ADSs per $1,000 principal amount.

Global coordinators of the offering are BofA Merrill Lynch, Evercore ISI and Morgan Stanley.

Joint bookrunners on the issuance are BB Securities, BCP Securities, Bradesco BBI, BTG Pactual, Buckingham Research Group, Crédit Agricole CIB, Deutsche Bank Securities, Nomura and Santander.