Avianca Holdings has completed a comprehensive liquidity program that involved reprofiling over $4.5 billion of lease and debt obligations (excluding debt at Avianca’s LifeMiles subsidiary) as well as securing $375 million of new financing and financing commitments anchored by a $250 million mandatorily convertible loan facility provided by United Airlines and Kingsland.  Funding of the convertible loan facility triggered the going effective of the reprofiling program,  anchored by an ambitious profit turnaround plan, the “Avianca 2021 Plan,” which Seabury Capital played a key role in designing. “The success of this liquidity program can be directly linked to the courage of Avianca’s

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