Avianca Holdings offered $250 million financing loan

Avianca Holdings has reached an agreement with United Airlines and Kingsland Holdings in regards to a $250 million financing loan. United and Kingsland have agreed to provide Avianca a four-year loan at an interest rate of 3%; interest will be paid-in-kind until maturity, granting Avianca greater financial flexibility. The loan will convert into shares at Avianca’s option – at an equivalent price per share of $4.6217, representing a 35% premium over the 90-day weighted average price through October 3 – subject to certain conditions, including AVH’s share price consistently trading above seven dollars. Avianca has been active recently in trying