Cases & Deals

Avianca Group completes its exchange offering for all of its 9.000% Tranche A-1 Senior Secured Notes

Client(s) Avianca Group

Jones Day advised Avianca Midco 2 PLC, a subsidiary of Avianca Group, on Mexican law matters related to its exchange offering under Rule 144A of its current outstanding 9.0000% Tranche A-1 Senior Secured Notes due 2028 for 9.000% Senior Secured Notes due 2028. The proceeds of the exchange offering were used to repay indebtedness and to redeem the company’s 9.000% Tranche A-2 Senior Secured Notes due 2028. The exchange offering involved the amendment and modification of its current collateral package in order to increase the amount of secured obligations in connection with the refinancing of global notes.