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Morgan & Morgan 

October, 2020 - Panama, Panama

 

 

Morgan & Morgan Advised Avianca Holdings, S.A. in Connection to an Over US$ 2 Billion Debtor-in-Possession Financing Structure Pursuant to its Reorganization Plan Under Chapter 11 of the United States Bankruptcy Code.

 

Panama, October 26, 2020. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., as Debtor; and Latin Airways Corp., Taca, S.A., AV International Investments, S.A., AV International Holdings S.A., AV International Holdco S.A., AV International Ventures S.A., AV TACA International Holdco, S.A., International Trade Marks Agency Inc. and Aviacorp Enterprises, S.A., as Guarantors, in connection with the transactions contemplated by a debtor-in-possession financing consisting of US$ 1.27 billion Tranche A senior secured financing and US$ 722 million Tranche B secured subordinated loan. The financing will help Avianca improve its liquidity and provide support to its operations.

Partners Francisco Arias and Aristides Anguizola, Associate Allen Candanedo, and International Associate Miguel Arias participated in this transaction.


 

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