Cases & Deals

Avianca Group completes US$600 million Senior Secured Notes offering

Client(s) Avianca Group

Jones Day advised Avianca Midco 2 PLC, a subsidiary of Avianca Group, on Mexican law matters related to its offering under Rule 144A of US$600 million aggregate amount of 9.500% Senior Secured Notes due 2031. The proceeds of the offering were used to redeem the company’s outstanding Senior Secured Notes due 2028 and general corporate purposes. 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.