Avianca announces offer to exchange secured notes for unsecured notes

Darren Wood
By Darren Wood August 19, 2019 09:38

Avianca announces offer to exchange secured notes for unsecured notes

Avianca Holdings is offering an exchange all $550 million of its existing 8.375% senior notes due 2020.

The offering is in connection with its previously announced re-profiling plan for its capital structure.

The exchange notes will be issued by the company and will be guaranteed by all of the guarantors and the co-issuers of the existing notes and will additionally be guaranteed by various subsidiaries which do not guarantee the existing notes.

The exchange notes will have the same maturity and other terms as the Existing Notes, except that the exchange notes will be secured and will have additional guarantors

Darren Wood
By Darren Wood August 19, 2019 09:38