GOL Linhas Aéreas Inteligentes has postponed the deadline for binding bids for its USD1.9bn exit debt financing due to global capital market disruptions.
The new deadline for submissions is May 15, changed from the previous April 19 date.
This change will allow investors time to understand the consequences of President Trump’s announced tariffs.
The funds raised will help repay current obligations and cover transaction costs as GOL exits bankruptcy later this year.
Investment firms Castlelake and Elliott Investment Management are involved, with Seabury Securities serving as GOL’s investment bank.
