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 New Financing Support
May 2, 2025
Brazilian airline Gol announced a new agreement with key creditors that could enable it to exit Chapter 11 bankruptcy protection by the end of June. The deal includes $125mn in new financing from holders of its 2026 senior secured notes, bringing its total financing to at least $1.375bn. In late-March, Gol had secured $1.25bn in financing from investors including firms like Castlelake and Elliott Investment Management. The agreement strengthens the likelihood of approval for Gol’s restructuring plan, which will be updated to reflect the new terms. Creditors not in the main investing group may receive up to $100mn in non-convertible debt, and others may invest up to $50mn additionally. Gol has been under bankruptcy protection since early-2024.
Its 8% 2026s continues to trade at distressed levels of 50.3 cents on the dollar.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Gol In Talks With Global Airlines For Investment – Reports
January 22, 2025
Gol Raises $300mn via Tap of 2026s
May 7, 2021
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.