Avianca 2023 holders to pitch in for DIP financing
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Avianca 2023 holders to pitch in for DIP financing

Oliver West
August 20, 2020 05:30 AM
Avianca, chapter 11, bankruptcy, airline, plane, Fort Lauderdale, Colombia, LatAm, 575

Colombian airline Avianca’s senior secured bondholders will be able to recover around 45% of their principal if they agree to provide debtor-in-possession (DIP) financing to the company, which has been in Chapter 11 bankruptcy proceedings since May.

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