This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Gol Planning $1.5bn Equity Raise and $2bn Debt Refinancing
May 28, 2024
Brazilian carrier Gol is planning to raise $1.5 billion in fresh equity capital to repay its existing DIP financing and boost its balance sheet, as per its new five-year plan. It also plans to refinance $2bn in secured debt. Regarding unsecured debt, the company said that it faces a “substantial reduction from par value”. Gol has been rumored to be in talks for a merger with Azul after both companies announced a codeshare agreement to integrate their networks and frequent flyer programs.
Gol’s dollar bonds were stable with its 8% 2026s at 63.8.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Gol’s Dollar Bonds Drop on Downgrade to CC by S&P
February 10, 2023
Gol Downgraded to Caa2 by Moody’s
February 14, 2023
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.