Avianca increases expiration and early participation deadline for senior notes

Avianca Holdings is extending the expiration deadline and early participation deadline by two days for its pending offer to exchange any and all of its existing 8.375% senior notes due 2020 for new 8.375% senior secured notes due 2020. Adrian Neuhauser, chief financial officer of Avianca, said: “With this last extension, we expect this will be the final opportunity for holders of the existing notes to participate in the exchange offer before it expires.” Avianca has also announced $484.4 million aggregate principal amount of existing notes, representing approximately 88.1% of the total outstanding principal amount of the existing notes, had