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

More News From The Market Noise

Tens of thousands of Czech protest, demand minister quits

May 23, 2019

PRAGUE — Tens of thousands of protesters rallied in the Czech capital Tuesday as demands intensified for the resignation of the new justice minister. The protesters say the minister might compromise the legal system at a time when prosecutors have to decide whether to indict Prime Minister Andrej Babis over alleged fraud involving European Union funds. Babis denies any wrongdoing. The justice minister has significant control over prosecutors. The protesters are angry that Marie Benesova was appointed shortly after police recommended Babis' indictment in April. As a lawmaker, Benesova voted against a police request to strip Babis of parliamentary immunity...

EU rejects claim that its car exports threaten US security

May 23, 2019

BRUSSELS — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU and the U.S. are security partners (so) neither U.S. nor European products can represent a security threat to the other side." U.S. President Donald Trump is delaying for six months any decision to slap tariffs on foreign cars, a move that would have hit Japan and Europe especially hard. Trump still hopes to use the threat...

The Latest: Austria to see early election after scandal

May 23, 2019

VIENNA — The Latest on Austrian politics (all times local): 10:40 p.m. Austrian Chancellor Sebastian Kurz has called for an early election after his vice chancellor resigned over a covertly shot video that showed him apparently promising government contracts to a prospective Russian investor. Kurz said he would ask President Alexander Van der Bellen to set a date for a new election "as soon as possible." Vice Chancellor Heinz-Christian Strache, head of the far-right, anti-immigrant Freedom Party which is in Kurz's ruling coalition, had resigned earlier Saturday, a day after the video was published. The video hit a nerve amid...

Hungary stems migrant flow, but issue remains big in EU vote

May 23, 2019

ASOTTHALOM, Hungary — Hundreds of migrants a day streamed through the Hungarian village of Asotthalom on their way to Western Europe in 2015. Today there are almost none. So one might think the political discourse has moved on. Think again. In this month's European Parliament election, no issue rings louder in Hungary than migration. Prime Minister Viktor Orban and his right-wing Fidesz party have campaigned almost exclusively on anti-immigration policies and it remains a hot topic in this formerly beleaguered village as well. Asotthalom's mayor has left the nationalist Jobbik party to form a new movement with an even harder...

Voters to pick successor of Lithuania's popular 'Iron Lady'

May 23, 2019

VILNIUS, Lithuania — Nine candidates are vying in an election Sunday to become Lithuania's next president, including a well-known economist, a former finance minister and the incumbent prime minister. Term limits require the Baltic country's current head of state, President Dalia Grybauskaite, to step down after two five-year terms. The election to choose the popular Grybauskaite's successor could go to a second-round vote. The campaign has focused on domestic issues such as the economy, corruption and social welfare, even though foreign policy and defense are two of the presidency's main purviews. The leading candidates include Prime Minister Saulius Skvernelis, 48;...

Sign up now!