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Wireless

Gogo ups, prices offering of convertible notes

Monday 19 November 2018 | 10:23 CET | News
In-flight connectivity provider Gogo has priced its USD 215 million offering of convertible senior notes due 2022, upped from the originally planned USD 200 million. Of the total, USD 13 million will be still be issued directly by Gogo in a separate private placement by the company's CEO and financial advisor J Wood Capital Advisors. The notes will bear interest at a rate of 6.00 percent per year. They can also be converted at an initial conversion price of  USD 6.00 per Gogo share, a 20 percent conversion premium over the closing price of USD 5.00 per share on NASDAQ on 16 November. 

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Categories: Mobile & Wireless
Companies: Gogo
Countries: World
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