Gol Secures $1.9b in Chapter 11 Exit Financing

Under the terms of the Chapter 11 exit financing commitment letters, participating investors will subscribe to $1.9b in debt instruments to be issued on the effective date of the proposed restructuring plan, Gol says in filing.

• Exit financing will consist of:
  • US$ 1.25b provided by Anchor Investors
  • US$ 50m provided by the Ad Hoc Group
  • US$ 30m in new money participation in the company’s 2026 rights offering
  • US$ 570m in commitments made by other investors
• Financing is subject to plan approval confirmation
• NOTE: Airline Gol Sinks to Record Low After Capital Increase Proposal

Original Story:Gol obtém US$ 1,9 ...