Gogo borrows $22 million under asset-based revolver

By Wendy Van Sickle

Columbus, Ohio, March 24 – Gogo Intermediate Holdings LLC borrowed $22 million under its $30 million asset-based revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The company said it elected to borrow the funds to increase its liquidity and preserve financial flexibility in light of uncertainty within the airline industry and the economy resulting from the Covid-19 pandemic.

Chicago-based parent Gogo Inc. provides in-flight connectivity and wireless entertainment solutions for the aviation industry.

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