March 15, 2019 |
Brazil's Gol said it is offering at least $300m in five-year exchangeable notes that the buyers can swap for shares.
The airline can also sell up to another $45m in notes to the investors who participate in the initial offering, Gol said in a securities filing.
Investors can exchange the notes for American depositary shares in the airline "at their option under certain circumstances," Gol said. Each note is worth two ADSs.
Note holders can also opt for cash, or a combination of cash and ADSs, th
Brazilian airlines looks to sell at least $300m in five-year securities that can be swapped for shares