SAO PAULO, June 28, 2016 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. "GOL" or "Company" (BM&FBOVESPA: GOLL4
and NYSE: GOL), (S&P: CC, Fitch: C and Moody's:
Caa3), the largest low-cost and best-fare airline
in Latin America, announced on May 3, 2016, that all
investors that participate in the voluntary Exchange Offers will
receive New Notes guaranteed by spare parts owned by VRG Linhas
Aéreas S.A. ("VRG").
The New Notes will be guaranteed by the Company and VRG and will
be secured by a fiduciary assignment first priority security
interest in all spare parts owned now or in the future by VRG and,
as a result, will be structurally senior to the extent of the value
of the collateral to all of GOL's existing and future unsecured
indebtedness, including the Old Notes, and senior to any future
subordinated indebtedness that GOL may incur. Old Notes will not
benefit from the collateral securing the New Notes, and holders of
Old Notes who do not participate in the Exchange Offers will be
effectively subordinated to the New Notes. The spare parts are used
in the operation of GOL's fleet of Boeing 737-700 and 800 Next
Generation aircraft. The Company retained Morten
Beyer & Agnew (mba), an internationally recognized expert
consultant, to conduct an appraisal of the collateral, which mba
valued at US$222.7 million.
The Exchange Offer deadline is Friday,
July 1, 2016 at 11:59 New York
City time. For more information and to participate in the
private Exchange Offer, eligible noteholders can visit the
following website: www.dfking.com/gol.
Disclaimer
The New Notes (including the guarantees) have not been
registered under the Securities Act and may not be offered or sold
within the United States or to, or
for the account or benefit of, U.S. persons except to qualified
institutional buyers in compliance with applicable exemptions.
Documents relating to the Exchange Offers will only be
distributed to "Eligible Holders" of Old Notes who complete and
return an eligibility form confirming that they are (1) a
"Qualified Institutional Buyer" (as defined in Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act")) or (2) a
person outside the United States
that is not a "U.S. Person," (as that term is defined in Rule 902
of Regulation S under the Securities Act).
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11)2128-4700
Media Relations
Marcelo
Mota
In Press Porter Novelli
+55 11 94547 7447
Michael Freitag, Meaghan Repko and Dan
Moore
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
About GOL Linhas Aéreas Inteligentes S.A.
In 15 years
of history, GOL Linhas Aéreas Inteligentes helped build links,
bring people closer and reduce distances with safety and
intelligence. The company played an important role in the
democratization of air travel in Brazil, contributing to enable approximately
17 million people to fly for the first time, becoming the largest
low-cost and best-fare airline in Latin
America. GOL is also the leading company in terms of on-time
performance and number of passengers carried in the domestic
market, both in the leisure and corporate segments – according to
Infraero.
GOL has the highest supply of seats with ANAC's "A" seal,
providing even more comfort in its 800 daily flights to 65 domestic
and international destinations in South
America and the Caribbean.
The company maintains strategic alliances with three major
global partners: Delta Air Lines, Air France and KLM, allowing it
to offer twelve codeshare and more than 70 interline agreements,
bringing more convenience and facilitating connections to any
destination of these alliances.
Through SMILES, GOL's loyalty program, passengers can accumulate
miles and redeem tickets to more than 160 countries and 800
destinations worldwide. The Company also operates Gollog, which
retrieves and delivers cargo and packages to and from approximately
2,500 cities in Brazil and ten
abroad.
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SOURCE GOL Linhas Aereas Inteligentes S.A.