Avianca Holdings S.A. Receives U.S. Court Approval to Access $2.0 Billion Debtor-In-Possession Financing

Avianca Holdings announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to access its debtor-in-possession financing totaling just over $2.0 billion, consisting of a $ 1.27 billion Tranche A senior secured financing and a $ 722 million Tranche B secured subordinated loan. The DIP financing includes approximately $ 1.2 billion of new funds ($ 881 million in Tranche A and $ 336 million in Tranche B).

Source: PRnewswire