Operation Announced in Advance During 1Q09 Results Disclosure Totaled R$ 400 Million
SAO PAULO, May 27 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL; Bovespa: GOLL4), Latin America's biggest low-cost airline and the controlling shareholder of the Brazilian Airline VRG Linhas Aereas S.A. ("VRG"), announced today the distribution of VRG's 3rd series of secured non- convertible debentures ("Debentures") in the amount of R$ 400 million.
The Debentures were distributed in Brazil only, exclusively to qualified investors, pursuant to Instruction 476 issued by the Brazilian Securities and Exchange Commission (CVM) on January 16, 2009 (CVM Instruction 476).
The issue was undertaken in a single series of R$ 400 million, partially secured by the fiduciary sale of receivables.
The Debentures will pay 126.50% of the Brazilian CDI rate and will be amortized in 18 consecutive monthly payments, with a 6-month grace period, beginning in the 7th month after the issue date, and mature on May 13, 2011. The issuer may redeem the Debentures at any moment at its own discretion.
"This operation is part of the reconstruction of the Company's cash position, aimed at achieving cash and cash equivalents of R$ 800 million by the close of 2009," declared GOL's Chief Financial and Investor Relations Officer, Leonardo Pereira.
Lead Manager: BB Banco de Investimento S.A. Trustee: Planner Trustee DTVM Ltda. Depositary Bank: Banco Bradesco S.A.
About GOL Linhas Aereas Inteligentes S.A. GOL Linhas Aereas Inteligentes S.A. (NYSE:GOLNYSE:andNYSE:Bovespa:NYSE:GOLL4), Brazil's low-cost airline, offers around 800 daily flights to 49 destinations that connect all the important cities in Brazil and ten major destinations in South America. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. The Company's service is recognized as the best value proposition in the market.
Contact:
Investor Relations Leonardo Pereira - CFO and IRO
Rodrigo Alves - IR Manager
Tel.: (5511) 2128-4700
E-mail:
Website: http://www.voegol.com.br/ri DATASOURCE: GOL Linhas Aereas Inteligentes S.A.
CONTACT: Leonardo Pereira, CFO and IRO, or Rodrigo Alves, IR Manager, both of GOL, +011-5511-2128-4700, Web site: http://www.voegol.com.br/ri
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