SAO PAULO, July 1, 2014 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and low-fare airline in Latin America, hereby announces that it has closed a financing of US$68 million with Credit Agricole Corporate and Investment Bank ("Ca-Cib"), guaranteeing 12 proprietary spare CFM56-7B engines, with the possibility of increasing an additional US$100 million for future proprietary engine deliveries.

The financing is over seven years at a cost of Libor+225bps, with quarterly amortizations of the principal and interest as of September 2014. The operation is in line with GOL's strategy of maintaining high liquidity and making rational use of this liquidity in order to reduce the cost of the Company's debt.

For further information visit www.voegol.com.br/ir

CONTACTS

INVESTOR RELATIONS 
Phone: +55 (11) 2128-4700
E-mail: ri@golnaweb.com.br

CORPORATE COMMUNICATIONS 
Phone: +55 (11) 2128-4183 
E-mail: comcorp@golnaweb.com.br

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 910 daily flights to 67 destinations in 15 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and six abroad. With its portfolio of innovative products and services, GOL Linhas Aereas Inteligentes offers the best cost-benefit ratio in the market.

SOURCE GOL Linhas Aéreas Inteligentes S.A.

Copyright 2014 PR Newswire

Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gol Linhas Aereas Inteli... Charts.
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gol Linhas Aereas Inteli... Charts.