SAO PAULO, June 29, 2016 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. "GOL" or "Company" (BM&FBOVESPA: GOLL4
and NYSE: GOL), (S&P: CC, Fitch: C and Moody's:
Caa3), the largest low-cost and best-fare airline
in Latin America, as part of its private Exchange Offer
announced on May 3, 2016, reminds its
noteholders that it is offering additional consideration (the
"Participation Premium"), if noteholders holding more than 60% of
the aggregate principal amount of the Existing Notes participate in
the Exchange Offer.
The Participation Premium offered by GOL is as follows: If
holders of more than 60% of the aggregate principal amount of the
Old Notes participate in the Exchange Offer, then exchanging
holders will receive additional consideration in New Notes equal to
2.5% of the par value of the 2017 Notes, and equal to 5% of the par
value of the Old 2020, 2022, 2023 and Perpetual Notes.
Considering the revised terms of the Exchange Offer, announced
on June 20, 2016, unsecured
noteholders have the opportunity to exchange their securities at
approximately a 50% premium to their current market value on
May 3, when GOL launched the Exchange
Offer, for cash consideration and New Notes secured by
collateral.
The Exchange Offer deadline is Friday,
July 1, 2016 at 11:59 PM New
York City time. For more information and to participate in the
private Exchange Offer, eligible noteholders can visit the
following website: www.dfking.com/gol.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11)2128-4700
Media Relations
Marcelo
Mota
In Press Porter Novelli
+55 11 94547 7447
Michael Freitag, Meaghan Repko and Dan
Moore
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
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visit:http://www.prnewswire.com/news-releases/gol-exchange-offer-provides-additional-premium-for-increased-participation-300292344.html
SOURCE GOL Linhas Aereas Inteligentes S.A.