SAO PAULO (Reuters) – Brazil’s airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday.
Additional demand from investors for financing has allowed the interest rate on the exit loan to be reduced to 14.375% from 14.625%, the airline added.
(Reporting by Isabel Teles; Editing by Aida Pelaez-Fernandez)
