NetworkNewsBreaks – Gogo Inc. (NASDAQ: GOGO) Closes $925M Private Offering

Gogo (NASDAQ: GOGO), a leading global provider of broadband connectivity products and services for aviation, has closed a private offering to qualified institutional buyers pursuant to Rule 144A. According to the update, the offering is in the aggregate principal amount of $925 million of 9.875 percent senior secured notes due 2024 to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC, and indirect wholly owned subsidiary, Gogo Finance Co. Inc. ROTH Capital Partners acted as co-manager for the offering. “The enthusiastic response to our offerings allowed us to extend maturities and lower the interest rate on our senior secured debt, without any dilution to shareholders, and we were able to upsize the transaction from $905 million to $925 million based on strong demand,” Gogo President and CEO Oakleigh Thorne said in the news release. “It also highlights Gogo’s position as the in-flight internet leader with significant runway as we serve attractive, underpenetrated markets with industry-leading technology.”

To view the full press release, visit http://nnw.fm/Es2db

About Gogo Inc.

Gogo is the Inflight Internet Company. It is the leading global provider of broadband connectivity products and services for aviation. The company designs and sources innovative network solutions that connect aircraft to the Internet and develop software and platforms that enable customizable solutions for and by its aviation partners. Once connected, the company provides industry leading reliability around the world. Its mission is to help aviation go farther by making planes fly smarter, so its aviation partners perform better and their passengers travel happier. For more information, visit www.GogoAir.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

The Latest: Erdogan: Johnson will boost British-Turkey ties

Jul 24, 2019

LONDON — The Latest on Boris Johnson's victory in the race to become Britain's next prime minister (all times local): 3:25 p.m. Turkish President Recep Tayyip Erdogan says he believes Turkish-British ties will flourish under Boris Johnson's term as prime minister. In a message posted on Twitter Tuesday, Erdogan congratulated Johnson who won the campaign for Britain's Conservative Party leadership and is set to replace Theresa May as prime minister. Erdogan wished Johnson success in his new job and added: "I believe that the Turkey-United Kingdom relations will flourish even more during this new era." Johnson, who has part Turkish...

British Airways, Lufthansa suspend Cairo flights

Jul 24, 2019

LONDON — British Airways and Lufthansa both said Saturday they were suspending flights to Cairo for unspecified reasons related to safety and security. The British carrier said it was canceling flights to the Egyptian capital for a week. The German airline said normal operations would resume Sunday. Both carriers delivered two-sentence statements via email. British Airways attributed its cancellations to what it called its constant review of security arrangements at all airports, calling them "a precaution to allow for further assessment." Lufthansa said it was suspending its flights as a precaution, mentioning "safety" but not "security" as its concern. Company...

UK envoy's leaked views inspire more insults in Trump tweets

Jul 24, 2019

LONDON — U.S. President Donald Trump lashed out at Britain's ambassador to the United States for a second day, describing him as "wacky" and a "pompous fool" after leaked documents revealed the envoy's dim view of Trump's administration. Trump fired off a series of tweets about Ambassador Kim Darroch hours after British Prime Minister Theresa May gave the veteran diplomat her continued support. "The wacky Ambassador that the U.K. foisted upon the United States is not someone we are thrilled with, a very stupid guy," Trump wrote in one tweet. Darroch's forthright, unfiltered views on the U.S. administration — meant...

Heather Mills gets UK phone hacking apology, payout

Jul 24, 2019

LONDON — Heather Mills, the former wife of Paul McCartney, and her sister have received an apology and a settlement from Britain's defunct News of the World tabloid over the hacking of their phones. Heather Mills and her sister Fiona Mills both received a formal apology in Britain's High Court on Monday. In a statement read outside the court, she said she felt "joy and vindication" at the settlement. "My motivation to win this decade-long fight stemmed from a desire to obtain justice, not only for my family, my charities and myself, but for the thousands of innocent members of...

Stevie Wonder says he's getting a kidney transplant in fall

Jul 24, 2019

LONDON — Stevie Wonder surprised concertgoers in London Saturday night by announcing that he will take a break from performing so that he can receive a kidney transplant this fall. The 69-year-old music legend made the announcement after performing "Superstition" at the end of a packed British Summer Time concert in London's Hyde Park. He said he was speaking out to quell rumors and sought to reassure fans that he would be okay. "I'm going to be doing three shows then taking a break," he said. "I'm having surgery. I'm going to have a kidney transplant at the end of...

Sign up now!