Gogo Completes Amendment and Extension of ~$600 Million Term Loan B Deleveraging Transaction
Globe Newswire•06/11/2026•08:30 ET
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Key Highlights
- ➤Term Loan B maturity extended to October 2030
- ➤Debt reduced by $75 million through 2027
- ➤Immediate $25 million term-loan paydown completed
- ➤Gogo secured support from substantially all loan holders
Expert Statements
Chris Moore, CEO of Gogo
“Reducing debt remains our top capital allocation priority, and today’s agreement, including the immediate $25 million paydown of our term loan, will help us achieve that,”
Chris Moore, CEO of Gogo
“The strong participation from our lenders reflects their confidence in Gogo’s future.”
Chris Moore, CEO of Gogo
“Extending the maturity of our term loan to 2030 gives us the time to execute our transformation strategy to become a global provider of high-speed broadband to the underpenetrated business and military/government aviation markets, while also directing free cash flow toward further debt reduction.”
Chris Moore, CEO of Gogo
“We see this as the first of several steps towards refurbishing our balance sheet, and I want to thank our lenders for their constructive engagement throughout this process.”
Reaffirms Company’s commitment to strengthening its financial position through deleveraging
Term Loan B maturity extended to 2030 and debt reduced by $75 million through 2027, with immediate $25 million paydown
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