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Gogo Inc. Announces Tender Offer for Outstanding 3.75% Convertible Senior Notes Due 2020
CHICAGO, April 18, 2019 /PRNewswire/ -- Gogo Inc. ("Gogo" or the "Company") (NASDAQ: GOGO) today announced a tender offer (the "Tender Offer") to purchase any
About this update from Gogo Inc.
[{"type":"text","content":"CHICAGO, April 18, 2019 /PRNewswire/ -- Gogo Inc. (\"Gogo\" or the \"Company\") (NASDAQ: GOGO) today announced a tender offer (the \"Tender Offer\") to purchase any and all of its outstanding 3.75% Convertible Senior Notes due 2020 (the \"Notes\"). As of April 17, 2019, there were $162.0 million aggregate principal amount of the Notes outstanding.\nUpon the terms and subject to the conditions set forth in the Company's Offer to Purchase, dated April 18, 2019 (the \"Offer to Purchase\"), and the related Letter of Transmittal, the Company is offering to pay, for cash, an amount equal to $1,000 per $1,000 principal amount of Notes purchased, plus accrued and unpaid interest from the last interest payment date on the Notes to, but not including, the date of payment for the Notes accepted in the Tender Offer. The Tender Offer will expire at 11:59 p.m., New York City time, on May 15, 2019, or any other date and time to which the Company extends such Tender Offer (such date and time, as it may be extended, the \"Expiration Date\"), unless earlier terminated. \nThe Tender Offer is subject to the satisfaction or waiver of certain conditions, including the consummation of the offering of senior secured notes by Gogo Intermediate Holdings LLC, a direct subsidiary of the Company, and Gogo Finance Co. Inc., an indirect subsidiary of the Company (the \"Financing Condition\"), launched on April 15, 2019, as such conditions are further described in the Offer to Purchase. The Company expressly reserves the right for any reason, subject to applicable law, to extend, abandon, terminate or amend the Tender Offer. The Tender Offer is not conditioned upon a minimum amount of Notes being tendered and there can be no assurance that the Tender Offer will be subscribed for in any amount.\nFor Notes that have been validly tendered at or prior to the Expiration Date and that are accepted for purchase pursuant to the Tender Offer, settlement will occur promptly following the Expiration Date, assuming the conditions to the Tender Offer have been either satisfied or waived by the Company (including the Financing Condition) at or prior to the Expiration Date as further described in the Offer to Purchase. \nThe complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase and related Letter of Transmittal that are being sent to holder...