Simpson Thacher represented Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Banco BTG Pactual S.A., Evercore Group L.L.C., Santander Investment Securities Inc., BCP Securities LLC and Banco Safra S.A., as initial purchasers, in an offering of US$150 million aggregate principal amount of additional 7% Senior Notes due 2025 by Gol Finance, a subsidiary of Gol Linhas Aéreas Inteligentes S.A. (“Gol”), the Brazilian airline.
The additional notes constituted a reopening of the US$500 million aggregate principal amount of notes initially issued on December 11, 2017, increasing the aggregate principal amount of the series to US$650 million. The notes are irrevocably and unconditionally guaranteed by Gol and Gol Linhas Aéreas S.A. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Gol is one of the largest low-cost carriers in the world and the largest low-cost carrier in Latin America, providing frequent service on routes connecting all of Brazil’s major cities and from Brazil to major cities in South America and selected destinations in the Caribbean.
The Simpson Thacher team for the transaction included Grenfel S. Calheiros (Picture), Paulo F. Cardoso, Marcelo B. Lorenzen and Thais Gasparian (Capital Markets); and Jon Cantor and Sarah H. Katz (Tax).
Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Marcelo Lorenzen – Simpson Thacher & Bartlett; Thais Gasparian Moraes – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: BTG Pactual; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Evercore Partners; Credit Suisse Securities Limited; BCP Securities; Santander Securities ; Banco J. Safra S.A.;