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.”

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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.

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