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dDT

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dDT

Re: dDT post# 50167

Monday, 03/02/2015 4:24:36 PM

Monday, March 02, 2015 4:24:36 PM

Post# of 53906
Gogo slides 5% after announcing $300M notes offering

Gogo (NASDAQ:GOGO) slips 5.1% after hours as it announces a private $300M convertible senior notes offering, due 2020.
In connection, it's entering into some number of private forward stock purchase transactions, to facilitate derivative transactions between counterparties and notes buyers.
Some of the funds raised are expected to buy back shares pursuant to those stock transactions, and the rest for working capital.
Gogo had $211M in cash and $312M in debt at its most recent quarterly report.

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