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

Other Sports News

Broadhurst, Toledo vault to Senior PGA Championship lead

May 25, 2019

PITTSFORD, N.Y. — Defending champion Paul Broadhurst and Esteban Toledo shared the lead Friday two rounds into the Senior PGA Championship. Another day of unsettled weather led to a shuffle of the leaderboard with Broadhurst and Toledo vaulting 15 players. Both shot 3-under 67 to reach 3-under 137 at Oak Hill Country Club's East Course. Broadhurst, who won last year's tournament at Harbor Shores in southwest Michigan, carded a bogey-free round. Starting on the back nine, he birdied his first two holes — the par-4 10th and par-3 11th — and added a birdie on the par-4 seventh. The 53-year-old...

Small blast in French city of Lyon wounds 7; cause unclear

May 25, 2019

LYON, France — An explosion Friday on a busy pedestrian street in the French city of Lyon injured seven people, local officials said. The cause of the blast that occurred in or outside a branch of the bakery chain Brioche Doree wasn't immediately clear, according to Kamel Amerouche, the regional authority's communications chief. Authorities couldn't confirm French media reports that a small package had exploded. The victims sustained leg injuries that weren't life-threatening, Amerouche told The Associated Press. Live television images showed the Brioche Doree sign intact and police vans and an ambulance on the street, which had been cordoned...

Morgan hurts finger, set to be fit for Cricket World Cup

May 25, 2019

SOUTHAMPTON, England — England captain Eoin Morgan is expected to be ready for the start of the Cricket World Cup despite breaking a bone in his left index finger during training on Friday. Morgan was taking part in catching drills during fielding practice ahead of England's warmup match against Australia in Southampton on Saturday when a ball hit him on the finger. The left-handed batsman underwent a precautionary X-ray, which showed that he sustained a "small flake fracture," England said in a statement. "He will not take part in the match (against Australia)," England said, "but is expected to make...

Unfamiliar, but nice: Halep back in Paris to defend title

May 25, 2019

PARIS — Simona Halep is experiencing something new at the French Open this year. The Romanian player is back in Paris to defend her title, a situation she's never been in before. And she likes it. "Much better and much easier, because I have the title already," Halep said Friday at Roland Garros. "Doesn't matter anymore what is going to happen. Everything now comes as a bonus. So I will try just to give my best and to see if I'm able to do it again." Halep, the second Romanian woman to win a Grand Slam title after Virginia Ruzici...

Lampard, Terry subplot in Premier League playoff match

May 25, 2019

They've won the Champions League together, were teammates for three Premier League title-winning campaigns, and stood shoulder to shoulder at World Cups and European Championships. Whether in the blue of Chelsea or the white of England, Frank Lampard and John Terry were often inseparable. Now, with their playing days over, they are going head-to-head as coaches. In a match that has a strong Chelsea flavor, Derby and Aston Villa meet at Wembley Stadium on Monday in the League Championship playoff final. The prize is promotion to the Premier League and a windfall of at least 170 million pounds ($215 million)...

Sukan360 is a proud Malaysian Sports website enthusiastic in our local players and bring Malaysian sports news first and foremost.

Contact us: sales@sukan360.com

Soccer Racing Shootings Golf Sports Governance Men's Sports Women's Sports Press Releases