September 23, 2020
Colombian airline Avianca said it submitted a $2 billion bankruptcy financing plan that included $1.22 billion in fresh funds from new investors and existing creditors.
The debtor-in-possession financing involves $1.27 billion in one tranche with $880 million in new funds, including $590 million from new institutional investors and $290 million from holders of Avianca's 9% 2023 notes, the airline said in a statement on Tuesday. The financing also has a convertible loan for $722 million, Avianca
Colombian airlines asks a US court to endorse a $2 bln financing program with a $722 mln convertible loan