SÃO PAULO, 17 de maio de 2018 /PRNewswire/ -- 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.
"This recognition was made possible by the work and dedication
of all the GOL team. It's evidence of the results of our successful
transformation, which has driven seven consecutive quarters of
operating profit growth and significantly strengthened our balance
sheet," said Richard Lark, EVP and
CFO.
AFJ received more than 150 submissions covering 90 unique
transactions (average 10 deals per category), with an aggregate
value of approximately US$62 billon.
The submissions were then narrowed down to three deals per category
by Airfinance Journal's editorial and data experts. The winner in
each category was chosen by an independent judging panel of senior
aviation finance executives.
As a consequence of improved operating results and the benchmark
bond issue, GOL's total liquidity increased 66% during 2017 and
reached R$3.2 billion in December.
"We will continue to execute our business plan to drive additional
improvement to our operations, our balance sheet and return to our
shareholders," concluded Richard.
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.
Brazil's largest airline group.
GOL is Brazil's
largest airline, carrying 33 million passengers annually on more
than 700 daily flights to 65 destinations, 54 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737
aircraft, with a further 120 Boeing 737 MAX on order.
GOLLOG is a leading cargo transportation and
logistics business serving more than 2,400 Brazilian municipalities
and, through partners, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with over 13 million registered participants, allowing clients to
accumulate miles and redeem tickets for more than 700 locations
worldwide. GOL has a team of more than 15,000 highly skilled
aviation professionals delivering Brazil's top on-time performance, and an
industry leading 17 year safety record. GOL's shares are traded on
the NYSE (GOL) and the B3 (GOLL4). For further information, visit
www.voegol.com.br/ir.
View original
content:http://www.prnewswire.com/news-releases/gol-airlines-awarded-2017-treasury-team-of-the-year-300650290.html
SOURCE GOL Linhas Aéreas Inteligentes S.A.