Gogo obtains $135M credit facility as IPO patiently waits in the wings
Skift Take
Give Gogo credit. The WiFi provider has to get working on its international expansion and can't wait for its IPO try to be sorted out. That may be the reason behind a $135 million debt-financing agreement.
With Gogo yet to set in motion its hoped-for IPO, the company is taking out a $135 million line of credit to bankroll expansion across the Atlantic and into Europe.
The leading WiFi provider to airlines in North America filed an IPO registration statement late last year, but like many companies in similar straits following the most recent collapse of the IPO market, Gogo remains on the si
