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

Latest News

Kentucky gov's race stirs clash over casino suicide claims

Nov 18, 2019

LOUISVILLE, Ky. — Entering the final days of Kentucky's bitter race for governor, Republican incumbent Matt Bevin exposed himself to a new attack by flatly denying his recorded claim that suicides happen nightly in casinos. Telling a debate audience Saturday night that the truth matters, Bevin challenged his opponent to produce a tape proving his denial wrong. Democrat Andy Beshear offered up the audiotape Sunday. The televised exchange turned Bevin's summer radio interview on WKDZ into a talking point for Democrats heading into the last full week of campaigning in the close gubernatorial contest. In the interview, Bevin claimed, without...

Companies reach tentative deal to settle opioids lawsuit

Nov 18, 2019

CLEVELAND — The nation's three dominant drug distributors and a big drugmaker have reached a tentative deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday, according to a lead lawyer for the local governments suing the drug industry. The tentative deal, details of which were to be announced later Monday, settles claims brought by the Ohio counties of Cuyahoga and Summit against distributors AmerisourceBergen, Cardinal Health and McKessen and the manufacturer Teva. After five drug manufacturers, including Johnson & Johnson, reached settlements leading up to...

Schumer calls for federal probe of contaminated baby food

Nov 18, 2019

NEW YORK — The Senate's top Democrat is calling on the Food and Drug Administration to examine a report that found dozens of baby food products contaminated with lead and other metals. Sen. Chuck Schumer says Sunday the FDA must take more action to regulate the baby food industry. A study by Healthy Babies Bright Futures found the presence of heavy metals in 95% of the 168 baby foods that were tested. The study found 95% of the food tested contained lead, arsenic, mercury or cadmium. It found one in four baby foods that were tested contained all four metals....

The Latest: Officials: Be kind to PG&E workers amid shut-off

Nov 18, 2019

SAN FRANCISCO — The Latest on power outages in California (all times local): 4:15 p.m. Authorities are asking the public to be kind to frontline utility workers in California as anger mounts against Pacific Gas and Electric over a power shutdown. PG&E is cutting power to customers in 34 counties as dry, gusty winds create dangerous wildfires conditions. The utility's faulty equipment was to blame for a deadly fire a year ago that killed 85 people and nearly wiped out the town of Paradise. Sacramento's KCRA-TV says the California Highway Patrol is investigating an incident Tuesday in Colusa County in...

Legos lying around? Toy maker tests way to recycle bricks

Nov 18, 2019

NEW YORK — Lego is looking to keep its plastic bricks out of the trash. The Danish toymaker is testing a way for customers to ship their unwanted bricks back and get them into the hands of other kids. It said Tuesday that customers in the U.S. can print out a mailing label on its site, dump their used Lego bricks in a box and ship them off for free. Lego said the pieces will be cleaned, put in a box and given to Teach for America, a nonprofit that will donate them to classrooms across the United States. Some...

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!