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Emerging MarketsEM LatAm

Avianca 2023 holders to pitch in for DIP financing

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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