Avianca Holdings’ Restructuring

Milbank LLP represented Avianca Holdings S.A. in connection with the successful renegotiation of substantially all of its debt, lease obligations and agreements with its key suppliers, consistent with the Avianca 2021 plan launched earlier this year.

In early December 2019, Avianca was able to complete the funding of US$250 million by way of a senior convertible loan by United Airlines, Inc. and an affiliate of Kingsland Holdings Limited.

The Milbank deal team was led by partners Marcelo Mottes (Picture)i, Tobias Stirnberg, Helfried Schwarz and Abhilash Raval, along with partner elect Nelly Almeida and associates Gonzalo Guitart, Bodie Stewart, Gahee Lee, Ray Andrada and Zachary Cronin.

Involved fees earner: Nelly Almeida – Milbank; Zachary Cronin – Milbank; Gonzalo Guitart – Milbank; Gahee Lee – Milbank; Marcelo Mottesi – Milbank; Abhilash Raval – Milbank; Helfried Schwarz – Milbank; Robert Stewart – Milbank; Tobias Stirnberg – Milbank;

Law Firms: Milbank;

Clients: Avianca Holdings S.A.;

Author: Ambrogio Visconti