Avianca Holdings S.A. Files Motion for Approval by U.S. Court of Approximately $2 Billion in Debtor-in-Possession (“DIP”) Financing

Avianca Holdings S.A. Files Motion for Approval by U.S. Court of Approximately $2 Billion in Debtor-in-Possession (“DIP”) Financing

Two-Tranche Financing Includes Approximately US$ 1.2 Billion of New Funds

Over 100 Lenders Participating in the Approximately US$ 1.3 Billion Senior Secured Tranche A Facility: US$ 880 Million of New Funds (US$ 590 Million by New Institutional Lenders and US$ 290 Million from Holders of Majority of Avianca’s 2023 Senior Secured Notes) and Approximately US$ 408 Million of Rollups and Purchase Consideration

US$ 240 Million of the Tranche A New Funds structured as a Backstop to Allow for the Eventual Participation of One or More Governments

Existing Lenders and New Investors Provide US$ 722 Million for the Subordinated Secured Tranche B Facility (Inclusive of US$ 386 Million of Rollup Loans)

BOGOTA, Colombia, Sept. 22, 2020 /PRNewswire/ — Avianca Holdings S.A. (OTCMKTS: AVHOQ, BVC: PFAVH) (the “Company” or “Avianca”) today announced that it has secured commitments for debtor-in-possession (“DIP”) financing totaling just over US$ 2.0 billion and has filed a motion to approve the financing in the U.S. Bankruptcy Court for the Southern District of New York (the “U.S. Court”).

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Seabury Securities LLC is serving as Avianca’s investment bank and financial advisor. 

Leveraging Seabury Capital Group’s 25-year history of advising hundreds of key clients in the airline, aircraft leasing, OEM, and defense supply chain, Seabury Securities is the industry’s leading practice delivering global investment banking and restructuring capabilities focused on Aviation and Aerospace & Defense.

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Seabury Capital Group LLC (“Seabury Capital”) operates a number of specialty finance, investment banking, technology, and software companies with a core focus anchored in aviation, aerospace & defense, and financial services & technology. Since its founding in 1995, Seabury Capital has taken ownership stakes in software and asset management businesses servicing the aviation and travel industries. Seabury Capital expects to end 2019 with over $1 billion in assets and intends to leverage those resources to launch one or more specialize investment funds in aviation, travel and technology in 2020 under a newly incorporated investment fund manager, Seabury Capital Management LLC.

Within the last few years, Seabury Capital has expanded its portfolio by investing in early stage startup companies within the financial technology industry and structured investment products. In addition, Seabury Capital owns and operates FINRA, NFA and FCA regulated investment banking services firms in the U.S. and U.K., respectively, serving external clients as well as assisting the companies in which Seabury Capital has invested.

Seabury Capital has operations in New York, Amsterdam, Beijing, Berlin, Chicago, Cordoba, Dallas, Dublin, Durban, Guernsey, Hong Kong, Houston, Jersey City, London, Los Angeles, Manila, Minneapolis, Mumbai, Nairobi, Ottawa, Seoul, Shannon, Singapore, Summit (NJ), and Tokyo.

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