Brazil's Gol secures $ 1.9 billion in exit financing with 5-year term
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FILE PHOTO: An airplane of Brazilian airline Gol is seen at Brasilia International Airport, in Brasilia, Brazil May 27, 2024.REUTERS/Adriano Machado/File photo
SAO PAULO (Reuters) - Brazil's airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday.
Additional demand from investors for financing has allowed the interest rate on the exit loan to be reduced to 14.375% from 14.625%, the airline added.
(Reporting by Isabel Teles; Editing by Aida Pelaez-Fernandez)
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