Brazil Airline Gol Gets $1.4 Billion in Financing in Debt Swap

Airline Gol Linhas Aereas Inteligentes SA said it secured $1.4 billion in new financing as it extends maturities of existing debt.

Abra Group Ltd., a holding company that will control operations of Gol and Avianca Group International Ltd., will do a private investment via senior secured notes due in 2028, the airline said in a regulatory filing Friday. Bondholders from an adhoc group that previously signaled support for the refinancing, as well as other debt holders, also took part, the company said.

Abra will invest as much as $451 million in cash into Gol and “contribute $1,077 million face value ...