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Brazilian budget carrier Gol is filing an initial proposed plan to re-organise under US Chapter 11 protection, following an agreement between the airline, its largest secured creditor Abra Group, and other parties.Filing of the plan, says
stanley cup Gol, implements significant investment of new capital and marks an important milestone towards completion of its financial and op
stanley thermos erational restructuring.Under the plan Gol will convert into equity 鈥?or otherwise extinguish 鈥?up to $1.7 billion of debt, as well as up to $850 million of other obligations.The airline says this is likely to result in significant dilution of its existing equity, given that its most recent financial quarter showed a net loss of R$830 million $136 million and total net debt of R$27.6 billion $4.5 billion .Source: Rafael Luiz Canossa/Creative CommonsGol intends to undergo conversion of debt to equity, and raise new capital, as part of a re-organisationAbra Group has agreed to receive around $950 million of new equity 鈥?and possibly more 鈥?plus $850 million of take-back debt , according to the agreement, to satisfy $2.8 billion of debt claims.The take-back debt includes a $250 million sum which is mandatorily convertible into new equity, 30 months after Gol emerges from Chapter 11.Gol will assume restructured aircraft leases, following agreements reached with its lessors.The airline also aims to raise up to $1.85 billion in new capital to support its post-Chapter 11 growth strategy.Up to $330 milli
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One of two men accused of robbing a Maine gun store in 2022 pleaded guilty Thursday to the charges.Damiean Marcial-Alexander of Waterville and Springfield, Massachusetts, pleaded guilty to conspiracy to commit theft of a firearm from a licensed firearms dealer and theft of a firearm from a licensed firearms dealer in U.S. District Court in Bangor. His codefendant, Ryan Ansart of West Springfield, Massachusetts,previously pleaded not guilty.Marcial-Alexander admitted during the plea hearing that he robbed J.R.s Trading and Pawn in Waterville on April 10, 2022, and stole at least two guns, including a pistol and revolver. Around 2 a.m. he entered the store wearing a sweatshirt with the hood up and a face mask, according to the U.S. Attorney Office.Ansart allegedly ent
stanley termosar ered the store with Marcial-Alexander, according to the court records. They allegedly texted and Instagram messaged each other planning the route they would take and the guns they wanted. Six revolvers and nine semi-automatic pistols were stolen from J.R.s, according to a theft report from the Bureau of Alcohol, Tobacco, Firearms and Explosives.Police found images on Ansarts phone showing Marcial-Alexander holding the stolen guns and pointing them at the camera, according to the U.S. Attorneys Offi
stanley mugs ce. Ansart is allegedly in the pictures as well.Marcial-Alexander does not have a plea agreement in the case. He can be sentenced for up to five years for the consp
stanley uk iracy charge and 10 years for the theft charge.No
