Gogo has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support f
Tuesday, September 1, 2020
Gogo announces entry into agreement to sell its Commercial Aviation unit to Intelsat for $400M in Cash
Chicago IL (SPX) Sep 02, 2020
Gogo has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support f
Gogo has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support f
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