GOL Linhas Aéreas Inteligentes S.A. (“GOL” or “Company”), (NYSE: GOL and B3: GOLL4), received the 2017 Airline Treasury Team of the Year Award yesterday. The award was given by the editorial board of Airfinance Journal (AFJ) and recognizes the Company’s efforts in right-sizing its balance sheet, enhancing its liquidity and culminating in the US$500 million unsecured bond issue.
GOL’s benchmark issue was arranged by global coordinators BofA Merrill Lynch, Credit Suisse, and Morgan Stanley and joint bookrunners BTG Pactual, Evercore ISI, Santander, BCP Securities and Safra. The US$500 million unsecured bond issuance, which was later re-opened for an additional US$150 million (raising the total outstanding to US$650 million) established a number of records for GOL and the sector’s unsecured capital markets including:
– The issuance is now the largest outstanding senior unsecured bond tranche for a standalone
Brazilian airline and second largest for an Emerging Markets based airline.
– The deal represents the largest senior unsecured issuance ever priced by GOL.
– The 7% unsecured coupon achieved on the transaction was the lowest ever for GOL…Fuente: http://www.stockhouse.com/news/press-releases/2018/05/17/gol-airlines-awarded-2017-treasury-team-of-the-year