Gogo Announces Convertible Debt Exchange and Begins Refinancing Process
GTCR Agrees to Exchange Convertible Debt for Gogo Shares; GTCR Managing Director Mark Anderson Joins Gogo s Board
Company Begins Process to Refinance Senior Secured Notes and ABL Facility
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CHICAGO, April 1, 2021 /PRNewswire/ Gogo Inc. (NASDAQ: GOGO) ( Gogo ) today announced a convertible debt exchange and the beginning of a refinancing process, marking significant progress in its efforts to complete a comprehensive refinancing. Under the exchange agreement (the Agreement ), GTCR, a leading private equity firm, will convert all of its $105.7 million principal amount of Gogo s 6.0% Convertible Senior Notes due 2022 (the Notes ) into shares of Gogo s common stock. In addition, on March 30, 2021, Gogo appointed Mark Anderson, Managing Director at GTCR, to the Company s Board of Directors.
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