United Airlines, Kingsland Holdings agree for $250 million funding for Avianca Holdings

Oct 8, 2019: Avianca Holdings (AVH) has reached agreement with United Airlines and Kingsland Holdings for a proposed financing to AVH of up to US$250 million. United and Kingsland have agreed to provide Avianca a four-year loan at an interest rate of 3 percent; 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 equiva