secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001193125-24-228403
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo acquires Satcom Direct for $375M cash plus stock; total consideration up to $600M
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- $375M cash + 5M Gogo shares at closing; earnout up to $225M tied to broadband customer thresholds.
- Expected to close end 2024, subject to regulatory approvals (HSR, FCC) and customary conditions.
- Satcom Direct 2024E revenue ~$485M, EBITDA margin ~17%; combined pro forma revenue ~$890M, margin ~24%.
- Annual run-rate cost synergies $25–30M within two years post-close; immediately accretive to EPS and FCF.
- Financed with $275M new debt and cash; net leverage ~4x post-close, targeting 2.5–3.5x within 2 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000119312524228403/0001193125-24-228403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000119312524228403/d61564d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-228403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer