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 Secures $1.25bn Financing Deal
March 25, 2025
Brazilian airline Gol secured a deal for investors to purchase up to $1.25bn in debt instruments, aiding its exit from Chapter 11 bankruptcy in the US. Investment firms Castlelake and Elliott Investment Management committed at least $750mn. The funds will repay debtor-in-possession financing, cover transaction costs, and support operations post-bankruptcy. Gol, in bankruptcy since early 2024, is also considering issuing new debt and seeking equity investments, which would help reduce its debt, but dilute existing shareholders. Following the news, Gol’s shares initially surged 9% before settling at a 5% gain.
Its 8% 2026s traded stable at 51.9 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:Gol Reaches Agreement with Abra to Exit Chapter 11
November 7, 2024
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.