Avianca Completes US$650 Million 10.250% Senior Secured Notes Offering Due 2032

"Simpson Thacher & Bartlett advised Avianca Group on a US$650 million offering of 10.250% Senior Secured Notes due 2032. Avianca used the proceeds to redeem its 2028 secured notes and for general corporate purposes. The offering was conducted under Rule 144A and Regulation S."

Simpson Thacher & Bartlett represented Avianca Group in connection with its offering of US$650 million principal amount of 10.250% Senior Secured Notes due 2032. The offering raised US$650 million in principal amount of 10.250% Senior Secured Notes maturing in 2032. Avianca used the proceeds to redeem in full its Senior Secured Notes due 2028 and its Tranche A-1 Senior Notes due 2028, and for general corporate purposes, which may include the future repayment of certain outstanding indebtedness. The offering was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act. Simpson Thacher & Bartlett represented Avianca Group with a team composed by: Juan Francisco Mendez, Alejandro de Ramon-Laca, Jomar Vargas, John L. Gorton, Sofia Reizin and Alicia Corbo (Latin America); Jonathan Pall (U.S. Credit and Collateral); William Gwyn, Tom Lort, Paige Edwards and Aditya Singhania (U.K.); Michael E. Mann (Tax); and Courtney Welshimer (Intellectual Property).

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Avianca Completes US$650 Million 10.250% Senior Secured Notes Offering Due 2032

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Avianca Completes US$650 Million 10.250% Senior Secured Notes Offering Due 2032

Read the full story

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