Brazil’s GOL delays $1.9bn financing deadline due to tariffs

GOL Linhas Aéreas Inteligentes has extended the deadline for submission of binding bids to participate in the company’s US$1.9b exit debt financing due to the “substantial disruptions to capital markets globally as a result of President Trump’s announced tariffs.” The deadline was postponed from April 19 to May 15, a decision taken “to allow time for the capital markets to absorb the implications of the Trump tariffs,” GOL said. The financing will be used to repay existing obligations, cover transaction costs, and provide working capital after GOL emerges from bankruptcy, which is expected to take place later this year. Investment advisers Castlelake and Elliott Investment Management represent the potential clients committing the funds to GOL, while Seabury Securities acts as the carrier's investment bank.<br/>