CHICAGO, May 16, 2019 /PRNewswire/ -- Gogo Inc.
("Gogo" or the "Company") (NASDAQ: GOGO) announced today the
expiration and final results of the Company's previously announced
cash tender offer (the "Tender Offer") for any and all of its
outstanding 3.75% Convertible Senior Notes due 2020 (the
"Notes").
The Tender Offer expired at 11:59
P.M., New York City time,
on Wednesday, May 15, 2019. As of the
expiration of the Tender Offer, $158,954,000 aggregate principal amount of the
Notes, representing approximately 98.12% of the total Notes
outstanding, were validly tendered (and not validly withdrawn)
pursuant to the Tender Offer. The Company has accepted for purchase
all Notes that were validly tendered (and not validly withdrawn)
pursuant to the Tender Offer at the expiration of the Tender Offer
at a purchase price equal to $1,000
per $1,000 principal amount of Notes,
plus accrued and unpaid interest. Payment for Notes that have been
validly tendered (and not validly withdrawn) and accepted for
purchase pursuant to the Tender Offer will be made on the
Settlement Date. The Company expects the Settlement Date to be
tomorrow, May 17, 2019.
After settlement, approximately $3,046,000 aggregate principal amount of the
Notes will remain outstanding.
J.P. Morgan Securities LLC and Morgan Stanley & Co.
LLC acted as the Dealer Managers for the Tender Offer. D.F.
King & Co., Inc. served as the Information Agent and Depositary
for the Tender Offer.
This press release shall not constitute an offer to purchase, a
solicitation of an offer to purchase or a solicitation of an offer
to sell securities.
Forward-Looking Statements
This press release includes "forward-looking statements." In
some cases, you can identify forward-looking statements by
terminology such as "anticipate," "assume," "believe," "budget,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "should," "will," "future" or
the negative of these terms or comparable terminology. These
forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements, including, without
limitation, the ability of the Company to satisfy the conditions to
the settlement of the Tender Offer, general market and economic
conditions, changes in law and government regulations and other
matters affecting the Company's business. Forward-looking
statements represent the beliefs and assumptions of Gogo only as of
the date of this press release and Gogo undertakes no obligation to
update or revise publicly any such forward-looking statements,
whether as a result of new information, future events or otherwise.
As such, Gogo's future results may vary from any expectations or
goals expressed in, or implied by, the forward-looking statements
included in this press release, possibly to a material degree. Gogo
cannot assure you that the assumptions made in preparing any of the
forward-looking statements will prove accurate or that any
long-term financial or operational goals and targets will be
realized. For a discussion of some of the important factors that
could cause Gogo's results to differ materially from those
expressed in, or implied by, the forward-looking statements
included in this release, investors should refer to the disclosure
contained under the headings "Risk Factors" and "Cautionary Note
Regarding Forward-Looking Statements" in Gogo's filings with the
SEC, including its Annual Report on Form 10-K.
Investor Relations
Contact:
|
Media Relations
Contact:
|
William
Davis
|
Meredith
Payette
|
312-517-5725
|
312-517-6216
|
ir@gogoair.com
|
pr@gogoair.com
|
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SOURCE Gogo