UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20546
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2019
Commission File Number: 001-36142
Avianca Holdings S.A.
(Name of Registrant)
Edificio P.H. ARIFA, Pisos 9 y 10, Boulevard Oeste,
Santa María Business District, Panama City,
Republic of Panama
(+507) 205-7000
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 12, 2019
| AVIANCA HOLDINGS S.A. | ||
| By: | /s/ Richard Galindo | |
| Name: | Richard Galindo | |
| Title: | General Secretary | |
Exhibit Index
| Exhibit |
Description | |
| 99.1 | Press release dated December 12, 2019 – AVIANCA ANNOUNCES SATISFACTION OF CONDITIONS FOR AUTOMATIC MANDATORY EXCHANGE OF 8.375% SENIOR SECURED NOTES DUE 2020 FOR 9.00% SENIOR SECURED NOTES DUE 2023. | |
Exhibit 99.1
PRESS RELEASE
For Immediate Release
AVIANCA ANNOUNCES SATISFACTION OF CONDITIONS FOR
AUTOMATIC MANDATORY EXCHANGE OF 8.375% SENIOR SECURED NOTES DUE 2020
FOR 9.00% SENIOR SECURED NOTES DUE 2023
December 12, 2019 – Avianca Holdings S.A. (the “Company”) announced, on December 9, 2019, that all conditions to consummate the automatic mandatory exchange (the “Mandatory Exchange”) of all US$484,419,000 aggregate principal amount of its issued and outstanding 8.375% Senior Secured Notes due 2020 (the “Existing Notes”) for an equivalent principal amount of 9.00% Senior Secured Notes due 2023 (the “New Notes”) have been satisfied. Accordingly, the Mandatory Exchange will occur on December 31, 2019 in accordance with the terms of the indenture governing the Existing Notes. Upon consummation of the Mandatory Exchange, holders of the Existing Notes will be paid accrued and unpaid interest, in cash, on the Existing Notes to, but not including, December 31, 2019. The Company understands that the New Notes will become eligible for TRACE for purposes of trade reporting.
For further information, please contact:
Avianca Investor Relations
+ 571-5877700 ext. 2474, 1349
ir@avianca.com
ABOUT AVIANCA HOLDINGS
Avianca is the commercial brand for the collection of passenger airlines and cargo airlines under the umbrella company Avianca Holdings S.A. Avianca has been flying uninterrupted for 100 years. With a fleet of 175 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With more than 21,000 employees, the Company had revenues of US$4.8 billion in 2018 and transported 30.5 million passengers. On February 22, 2019, Avianca Holdings, S.A. announced its corporate transformation plan consisting of four key pillars: 1) the improvement of operational indicators, 2) fleet adjustments, 3) the optimization of operational profitability, and 4) repositioning of non-strategic assets. Last May 24th, control of the Company was assumed by Kingsland Holdings Limited, an independent third party of United Airlines.