Gogo Closes $113M Debt Financing

Gogo, an Itasca, IL-based developer of in-flight connectivity, closed a $113m debt financing.

It adds to an existing $135m credit facility arranged by Morgan Stanley and J.P. Morgan in June of 2012.

The company intends to use the proceeds for its global expansion and for general operating purposes.

Led by executive vice president and CFO Norm Smagley, Gogo provides in-flight connectivity and wireless in-flight digital entertainment solutions. In-flight connectivity partners include American Airlines, Air Canada, AirTran Airways, Alaska Airlines, Delta Air Lines, Frontier Airlines, United Airlines, US Airways and Virgin America. Entertainment partners include American Airlines, Delta Air Lines, Scoot and US Airways.



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