Avianca seeking DIP financing to fly out of bankruptcy
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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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