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BRAZIL: GOL ISSUES GUARANTEED NOTES TO FINANCE ENGINE MAINTENANCE

February 16, 2014



Brazil'sGOL Linhas A?reas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and low-fare airline in Latin America, has issued a single series of Guaranteed Notes ("Guaranteed Notes") in the amount of US$40.7 million, priced through a capital market operation with an all-in cost of 0.62% p.a. The transaction represents the continuation of engine maintenance financing from the Export-Import Bank of the United States (Ex-Im Bank). The financing with financial guarantee from the Ex-Im Bank will have a two-year term and will be used to finance the CFM56-7B maintenance engines by Delta TechOps, the maintenance division of Delta Air Lines, further reinforcing the strategic partnership between the companies entered into at the beginning of 2011.


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Source: IPR Strategic Information Database (Middle East)


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