Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
March 26 2021 - 6:04AM
Edgar (US Regulatory)
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 U.S. SECURITIES EXCHANGE ACT OF 1934
For the month of March 2021
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): ☐
PROPOSED NON-DISTRIBUTION OF DIVIDENDS
Further to the statement issued by Avianca Holdings S.A. (OTCUS: AVHOQ, BVC: PFAVH) (Avianca Holdings or the Company) on March 3,
2021, Avianca Holdings confirms that its management will propose that its General Shareholders Meeting to be held on March 26, 2021 vote not to distribute any dividends. The Company recorded a loss of US$1,094 million
for 2020 due to the effects of the Covid-19 pandemic on the airline industry.
As previously reported, on
May 10, 2020 Avianca Holdings S.A. filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of New York, and continues to operate as a
debtor-in-possession.
As previously disclosed, on October 21, 2020,
Avianca Holdings closed on a DIP (debtor-in-Possession) financing facility totaling approximately US$2.0 billion, including approximately
US$1.2 billion in new money commitments as well as purchase consideration for certain assets and the refinancing of certain prepetition debt obligations. As of December 31, 2020, the Company held US$911 million in cash and
equivalents; together with undrawn DIP financing commitments amounting to US$350 million, this represented a total liquidity position of US$1.261 billion as of the close of the year.
For further information please contact:
Investor Relations
Contact
Luca Pfeifer, Head of Investor Relations
ir@avianca.com
+(571) (5877700)
Media Contacts
Maria Carolina Cortes, Corporate
Communications
carolina.cortes@avianca.com
Joele
Frank, Wilkinson Brimmer Katcher:
Leigh Parrish
lparrish@joelefrank.com
(212) 355-4449
Alejandra Aljure, LLYC
aaljure@llorenteycuenca.com
SIGNATURES
Pursuant to the requirements of the U.S. 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: March 25, 2021
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AVIANCA HOLDINGS S.A.
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By:
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/s/ Richard Galindo
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Name:
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Richard Galindo
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Title:
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General Secretary
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