GOL Extends Exit Financing Deadline, Cites US Tariff Turmoil

Brazilian GOL Linhas Aéreas Inteligentes has announced an extension for receiving binding proposals for its critical USD 1.9 billion exit financing package, a cornerstone of its ongoing Chapter 11 restructuring. Citing significant recent volatility in global capital markets triggered by new U.S. tariffs, the carrier pushed the deadline from April 19th to May 15th, 2025.

The 1.9 billion financing is essential for GOL’s plan to emerge from bankruptcy protection later this year. The funds are earmarked to repay the debtor-in-possession (DIP) financing obtained during the Chapter 11 process, cover associated transaction costs, and bolster working capital for post-restructuring operations. Investment advisors Castlelake and Elliott Investment Management represent potential investors backing the deal, with reports in late March suggesting initial commitments of $1.25 billion towards the total had already been secured. Seabury Securities acts as GOL’s investment bank for the process.