October 8, 2019 |
Colombian airline, Avianca, will launch a $125 million convertible bond offering for preferred shareholders in late October to help shore up its business, investor relations director Luca Pfeifer told LatinFinance on Monday.
At the same time, key shareholders United Airlines and Kingsland Holdings agreed to issue a $200 million convertible loan to Avianca which is also expected to raise another $50 million from a third, undisclosed party.
For the convertible bond, Avianca will pay a 35% premium
Colombian airline moves to shore up its business