Gogo Inc. completed a third amendment to its credit agreement, converting existing term loans into a new class of extended term loans with an aggregate principal amount of $544.4 million maturing on October 31, 2030. The transaction includes immediate mandatory prepayments totaling $75 million: $25 million paid at closing, plus $30 million due by December 31, 2026, and $20 million by December 31, 2027. Interest rates increased to SOFR plus 5.75%, and amortization schedules were tightened starting in March 2027. Gogo Inc. is a leading global provider of broadband connectivity services for business and military/government aviation markets.
