U.S.-based in-flight broadband internet services provider Gogo Inc. has announced the completion of its approximately $238 million offering of 6 percent convertible senior notes due in May 2022.

Under the terms of the deal, Gogo adequately extended the maturity of about $200 million of its outstanding convertible senior notes from March 2020 until May 2022.

About $162 million in convertible senior notes due 2020 remain outstanding.

Gogo said that it expects this deal to bolster its position as it continues to assess both strategic and financial options to maximize shareholder value.