The Firm recently represented J.P. Morgan Securities LLC, as dealer manager, in connection with a series of exchange offers by Gol LuxCo S.A. (“LuxCo”), a subsidiary of Gol Linhas Aéreas Inteligentes S.A. (“GOL”), the Brazilian airline. LuxCo offered to exchange (1) 7.5% Senior Notes due 2017 issued by GOL Finance, a subsidiary of GOL (“Finance”), for cash and 9.5% Secured Amortizing Notes due 2018 issued by LuxCo; (2) 9.25% Senior Notes due 2020 issued by Finance, 8.875% Senior Notes Due 2022 issued by LuxCo and 10.75% Senior Notes due 2023 issued by LuxCo for cash and 9.5% Secured Notes due 2021 issued by LuxCo; and (3) 8.75% Perpetual Notes issued by Finance for 9.5% Secured Notes due 2028 issued by LuxCo.
GOL is one of the largest low-cost carriers in the world and the largest low-cost carrier in Latin America, providing frequent service on routes connecting all of Brazil’s major cities and from Brazil to major cities in South America and selected tourist destinations in the Caribbean.
The Simpson Thacher team for the transaction included John C. Ericson, Grenfel S. Calheiros, Sunny Cheong, Paulo Fernando Cardoso, Tosca Augustin and Marcelo Lorenzen (Capital Markets – New York and São Paulo); Jon Cantor and John Torrenti (Tax); and Jennie Getsin (Blue Sky).