Avianca details DIP arrangement

Avianca details DIP arrangement

Debt Loans Colombia US

Colombian airline Avianca has detailed its borrowing plans during Chapter 11 bankruptcy proceedings, saying it could get as much as $2 billion in debtor-in-possession (DIP) financing in a two-part deal. "Avianca has now reached key agreements... with various parties that are providing substantial funding towards such DIP loans," Avianca said in a securities filing on Thursday. The airline also said Goldman Sachs and JPMorgan are arranging the first tranche of DIP financing for as much as $1.3 bi

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