Avianca eyes bond once ECA issues solved
The chief financial officer of Avianca Holdings told GlobalCapital that he is in near daily discussions with export credit agencies (ECAs) to resolve two separate issues and thus allow the Colombian airline to return to bond markets to refinance a $550m bond maturing in May 2020.
Meanwhile, the company is weighing up a $250m financing offer from United Airlines and shareholder Kingsland. Using this to refinance a portion of the imminent bond maturity remains a possibility, though the board would have to discuss any use of proceeds.Two separate loan breaches — involving Avianca’s majority ...
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