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GOL announces pricing of senior notes offering

14-Jul-2010 10:35 AM

GOL announced (13-Jul-2010) it has priced an offering of USD300 million of 9.25% senior notes due 2020 in an offering exempt from registration under the US Securities Act of 1933. GOL and its subsidiary, VRG Linhas Aéreas SA, will guarantee the notes. The notes will be senior unsecured debt obligations of GOL and are subject to optional redemption with make whole. The carrier intends to use the proceeds of the offering to repay existing debt maturing in the next three years. [more]