Avianca lands new loan

Avianca lands new loan

Loans Debt Corporate & Sovereign Strategy Colombia United States

Colombia's Avianca said it has secured $125 million in financing from the US hedge fund Citadel and private investors in Latin America after completing a bond swap for $484 million.The airline said it will use $75 million from the new loan as a bridge for the $125 million in convertible bonds that it plans to offer shareholders in the first quarter of next year. Citadel provided $50 million of the bridge financing, Avianca said in a statement.It also said a group of investors from Latin America

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