Colombia’s Avianca Holdings has reached an agreement with United Airlines Holdings and Kingsland Holdings S.A. that would see the Latin American carrier receive financing of up to $250 million while it executes a debt re-profiling plan.  As part of the deal, United and Kingsland—a major Avianca shareholder—will provide the carrier a four-year loan at an interest rate of 3%, to be paid-in-kind until maturity. All parties reserve the right to convert the loan into ...

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