Gogo secures $135M credit facility

Washington DC
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Gogo has closed a $135 million credit facility through Morgan Stanley and J.P. Morgan. The inflight connectivity provider said it intends to use the funds to finance its international expansion plans.

The connectivity provider announced last week that it had signed a memorandum of understanding with satellite operator SES for Ku-band capacity. The agreeement would expand its inflight internet services to customers outside of North America.

AeroSat Avionics is providing its HR6400 broadband system for the connectivity deal and Gogo plans to start outfitting aircraft with the satellite communications equipment in the fourth quarter.

GoGo will also be a service provider for Inmarsat's GlobalXpress Ka band service, which it plans to offer in late 2014 or early 2015.

Row 44 also announced a big financing deal this month, closing $45 million in funds from Advanced Inflight Alliance, PAR Capital Management and other undisclosed firms. The connectivity provider said it would a portion of the funding to support its satellite systems for new customers in Europe and throughout Asia.