Gol Erases Gains as Injection, Debt Reprofiling Assessed (2)

(Adds bond price and analyst comments starting in first bullet point.)

• Shares in Gol Linhas Aereas Inteligentes SA erased earlier gains triggered by an announcement that Abra Group — the holding firm that controls the Brazilian airline and Avianca — will invest at least $1 billion through senior secured notes and exchangeable senior secured notes due 2028
  • Bonds due in 2025 fell 2 cents on the dollar to 56 cents, according to Trace data
  • Stock was up 0.1% at 4:30 p.m. local time after rallying as much as 8.4% earlier
• “The value generated by the debt restructuring seems to be ...