Summary
- Abra Group, the principal shareholder of Brazilian airline Gol, is close to securing a critical $1.3 billion loan from investment firm Castlelake.
- Castlelake aims to stabilize Gol’s finances amidst complexities from owning Colombian airline Avianca.
- The loan proposal targets refinancing bonds maturing in 2028 and could feature interest rates up to 16%.
- The deal involves convertible bondholders’ support and warrants for Castlelake, without altering Abra’s equity structure.
