SAO PAULO (Reuters) – Brazilian airline Gol said on Monday it had entered an exit financing commitment with certain investors, without naming them, as it eyed exiting Chapter 11 bankruptcy proceedings.
Under the deal, the parties have committed to purchasing up to $1.25 billion of the $1.9 billion debt instruments to be issued as part of the process, which will be used to repay obligations under a debtor-in-possession financing.
(Reporting by Gabriel Araujo; Editing by Bernadette Baum)
