JWCA advises GOGO on its $215 million convertible BOND offering

NOVEMBER 2018 | read press release

Transaction Background

Gogo Inc. (“Gogo” or the “Company”) hired J. Wood Capital Advisors to serve as its Financial Advisor to help assess refinancing alternatives for its existing 3.75% Convertible Notes due 2020

JWCA helped the company analyze different tradeoffs of a range of financing strategies that were suitable for the company:

• Transaction size versus dilution to equity holders

• Dilution mitigation strategies such as derivative overlays

• Optimizing strategy around its existing prepaid forward transactions with various banks

• Timing considerations

Supported the execution of the transaction with a $5mm outright investment to provide Gogo with additional net proceeds

Assisted the team with documentation, accounting, and tax review

Provided advice, support and analysis during the execution

Results

The company was able to take a successful first step in managing the maturity of its 3.75% convertible due 2020:

• Repurchased $202mm of its existing convertible due 2020, extending the maturity until May 2022