March 18, 2024

GLAS Americas performs a number of roles in DIP financing for GOL

 GOL DIP Financing

GLAS Americas is proud to share our participation in the DIP financing for GOL, in which GLAS acted as Note Trustee, Registrar, Transfer Agent and Paying Agent.

Gol Linhas Aéreas Inteligentes S.A

Gol Linhas Aéreas Inteligentes S.A is a Brazillian low-cost airline based in Rio de Janeiro. Founded in 2000, it is the largest domestic airline in Brazil, and the third largest international airline in the country. As of 2024, GOL’s coverage includes 65 domestic destinations and 13 international destinations.

Successful DIP financing

This DIP financing included a Senior Secured DIP facility worth up to $1 Billion.

GLAS team

The GLAS deal team was made up of Luke Russell – Head of Business Development, Americas, Katie Fischer – Transaction Manager, Vice President and Sean Allen – Client Services Team Leader, Capital Markets Vice President, Americas.


GOL’s website: GOL Airlines (

About GLAS

GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.

GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of 360bn of assets under administration on a daily basis. For more information, please contact

Article Name
GLAS acted as agent and security agent on the first-of-its-kind restructuring of international shipping company Vroon
This was the first restructuring to be carried out using a parallel English scheme of arrangement and Dutch WHOA plan. This restructuring involved certain lenders receiving participations in a new syndicated secured facility, while other lenders had their facilities amended as well as a debt-for-equity swap.
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Client Services, New York, Restructuring