September 3, 2019 |
Kingsland chips in $50m in short-term financing to support the Colombian airline
Colombia's Avianca Holdings is closer to getting a loan for up to $200m from shareholder United Airlines as the deadline for a bond swap draws near, LatinFinance has heard.
"They are getting close to obtaining enough investor participation to obtain the loan," said a banker who is working on the proposed $550m debt exchange. The banker did not reveal the participation threshold for United to unlock the loan.
Kingsland Holdings, another shareholder in Avianca, said on Friday that it has granted a short-term loan for $50m.