Avianca Holdings S.A. Successfully Priced a $250 Million International Bond Due 2020

BOGOTA, Colombia--()--Avianca Holdings S.A., together with its subsidiary companies Grupo Taca Holdings S.A. and Avianca Leasing, LLC, as co-issuers, successfully priced a reopening of its international bond due 2020. The 2020 bond, which was first issued on May 10, 2013 at an 8.375% coupon rate, has improved by about 80 basis points to date. In accordance with this positive trend, as well as the affirmation of S&P’s and Fitch’s encouraging Bond Rating of B+, the Company decided to retap the international bond market.

Avianca Holdings S.A. priced US$250 million reopening of its 2020 bonds at a 7.44% yield to maturity in an offering that was oversubscribed by more than 3.5 times. Settlement is scheduled to occur on April 8, 2014, and the proceeds of this issuance will be allocated primarily to fleet financing and other general corporate purposes.

*About Avianca Holdings S.A. Avianca Holdings S.A. (BVC:PFAVH) is integrated by the airlines: Aerovías del Continente Americano S.A. Avianca (Avianca),Tampa Cargo SA incorporated in Colombia, Aerolineas Galapagos SA Aerogal incorporated in Ecuador, and the TACA Group companies: TACA International Airlines SA, incorporated in El Salvador, Lineas Aereas Costarricenses SA, LACSA, incorporated in Costa Rica, Transamérican Airlines SA TACA Perú incorporated in Perú, Servicios Aéreos Nacionales SA, SANSA incorporated in Costa Rica, Aerotaxis La Costeña SA, incorporated in Nicaragua and Isleña de Inversiones CA de CV ISLEÑA incorporated in Honduras.

Contacts

Avianca Holdings S.A.
Communications and Corporate Affairs:
Gilma Úsuga, (57+1) - 587 77 00 ext. 1711
gilma.usuga@avianca.com; janeth.benitez@avianca.com
or
Claudia Arenas, (50+2) 2279-5700 (502) 2279-5600
claudia.arenas@avianca.com
or
Investor Relations:
Andrés Felipe Ruíz Vesga, (57 +1) 587 77 00 ext. 2474
andres.ruiz@avianca.com

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Contacts

Avianca Holdings S.A.
Communications and Corporate Affairs:
Gilma Úsuga, (57+1) - 587 77 00 ext. 1711
gilma.usuga@avianca.com; janeth.benitez@avianca.com
or
Claudia Arenas, (50+2) 2279-5700 (502) 2279-5600
claudia.arenas@avianca.com
or
Investor Relations:
Andrés Felipe Ruíz Vesga, (57 +1) 587 77 00 ext. 2474
andres.ruiz@avianca.com