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Emerging MarketsEM LatAm

Avianca seeking DIP financing to fly out of bankruptcy

Avianca, JFK, approach, landing, restructuring, bankruptcy, 575, Latam, Colombia

Senior secured bondholders of Colombian airline Avianca could recover 45% of their principal if they provide debtor-in-possession (DIP) financing to the company, which has been in chapter 11 bankruptcy proceedings since May.

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