GOL announces conclusion of US$ 300m Term Loan

On August 31st, 2015, GOL’s subsidiary Gol LuxCo has entered into, acting as borrower, the “Credit and Guaranty Agreement” together with Morgan Stanley Senior Funding, acting as administrative agent and representative of the interests of the creditors, with an aggregate principal amount of US$300m, with remuneration of 6.5% per year and maturity date of five years (“Credit Agreement”). The Company and VRG Linhas Aereas S.A. (“VRG” and, together with the Company, the “Guarantors”) granted personal guarantee in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement. Besides the guarantee granted by the Guarantors, Delta Air Lines granted a backstop guaranty, in order to guarantee the fulfillment of the obligations assumed by Gol LuxCo under the Credit Agreement.