Brazilian carrier Gol has priced a $150 million senior unsecured transaction, increasing the size of its notes due in 2025 to $650 million.

The bond priced with a 7% coupon on 30 January, Gol says. The proceeds will be combined with the $500 million senior unsecured notes that the airline closed in December 2017 into a single tranche due in 2025.

The December bond also priced with a 7% coupon.

Proceeds of the entire transaction will be used for general corporate purposes and debt refinancing.

Bank of America Merrill Lynch, Credit Suisse and Morgan Stanley are global coordinators. BCP Securities, BTG Pactual, Evercore ISI, Safra and Santander are joint bookrunners.

Source: Cirium Dashboard