GOL Linhas Aéreas Inteligentes’ $300 Million Notes Offering

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Milbank and NautaDutilh advised Gol Linhas Aéreas on the transaction.
Davis Polk & Wardwell and Cescon, Barrieu, Flesch & Barreto advised BofA Securities, Inc., Deutsche Bank Securities, Inc., Morgan Stanley & Co. LLC, Evercore Group L.L.C., Credit Agricole Securities (USA) Inc., BCP Securities, LLC, Banco BTG Pactual S.A. – Cayman Branch, Santander Investment Securities Inc., UBS Securities LLC, Banco Bradesco BBI S.A. and Banco Safra S.A. acting as underwriters on the offering

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL and B3: GOLL4) (“GLAI”), Brazil’s largest domestic airline, announces that its subsidiary GOL Finance, a public limited liability company (société anonyme) organized under the laws of Luxembourg , has priced a US$300.0 million reopening of its 8.00% senior secured notes due 2026, as a further issuance of and to be consolidated and form a single fungible series with the Issuer’s US$200.0 million in aggregate principal amount of 8.00% senior secured notes due 2026 issued on December 23, 2020.

The issue price of the additional notes is 100%, representing a 8% yield to maturity. Moody’s assigned the notes a rating of B2.

BofA Securities, Inc., Deutsche Bank Securities, Inc., Morgan Stanley & Co. LLC, Evercore Group L.L.C., Credit Agricole Securities (USA) Inc., BCP Securities, LLC, Banco BTG Pactual S.A. – Cayman Branch, Santander Investment Securities Inc., UBS Securities LLC, Banco Bradesco BBI S.A. and Banco Safra S.A. Cayman Branch acted as underwriters on the offering.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Gol Linhas Aéreas with Bruno Mastriani Simões Tuca, Raphael Saraiva and Lucca Rizzo.

Milbank LLP advised Gol Linhas Aéreas in US.

NautaDutilh advised Gol Linhas Aéreas in Luxemburg.

Davis Polk & Wardwell advised BofA Securities, Inc., Deutsche Bank Securities, Inc., Morgan Stanley & Co. LLC, Evercore Group L.L.C., Credit Agricole Securities (USA) Inc., BCP Securities, LLC, Banco BTG Pactual S.A. – Cayman Branch, Santander Investment Securities Inc., UBS Securities LLC, Banco Bradesco BBI S.A. Banco Safra S.A. Cayman Branch. with Lucy W. Farr, Justin Corvino, Manuel Garciadiaz and  Konstantinos Papadopoulos. 

In Brazil, Cescon, Barrieu, Flesch & Barreto advised the underwriters with Daniel Laudisio, Dimitrios Constantinos Constantelos, Marina Souza and Maria Victória Martignon.

Involved fees earner: Dimitrios Constantinos Constantelos – Cescon, Barrieu, Flesch & Barreto; Daniel Laudisio – Cescon, Barrieu, Flesch & Barreto; Justin Corvino – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Manuel Garciadiaz – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Bruno Mastriani Simões Tuca – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lucca Rizzo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Saraiva – Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Davis Polk & Wardwell; Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Clients: Banco Bradesco BBI S.A.; Banco BTG Pactual S.A. – Cayman Branch; Banco Safra; Bank of America Securities; BCP Securities; Credit Agricole Securities (USA) Inc.; Deutsche Bank Securities; Evercore Partners Ltd; GOL Linhas Aéreas Inteligentes; Morgan Stanley; Santander Investment Securities Inc.; UBS Securities LLC;