Americas

GOL successful senior secured DIP financing of up to $1bn

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GOL successful senior secured DIP financing of up to $1bn
Brazilian low-cost airline Gol Linhas Aereas Inteligentes (GOL) has secured its debtor-in-possession (DIP) financing, which included a senior secured DIP facility worth up to $1bn. GOL partnered with GLAS Americas for the DIP financing, which acted as note trustee, registrar, transfer agent, and paying agent. GOL filed for Chapter 11 bankruptcy protection in January 2024.