GOL Initiates Legal Financial Restructuring
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
Company Research
Source: PR Newswire
Company to Use United States Chapter 11 Process to Strengthen Financial PositionGOL Will Continue to Provide Safe and Reliable Air Transportation Without InterruptionAll Flights are Operating as Scheduled and All Tickets and Reservations Remain in PlaceCompany Secures US$950 Million New Financing Commitment to Support the BusinessSÃO PAULO, Jan. 25, 2024 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (B3: GOLL4, NYSE: GOL), today announced that GOL and its subsidiaries have voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of New York (the "U.S. Court"). Chapter 11 is a U.S. legal process that businesses use to raise capital, restructure their finances and strengthen their business operations for the long term, while continuing to operate as normal.GOL enters the U.S. legal process with a financing commitment for US$950 million in new debtor-in-possession ("DIP") financing from members of the Ad Hoc Group of Abra
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