Finance Colombia » PressRelease – Edited & Rewritten From Contributed Information Submitted to Finance Colombia

US Citizens Abroad, Be Sure To Vote In The Upcoming Election. Here is How:

You can use the FWAB as an emergency, back-up option if you do not have time to return your local ballot. If you send a FWAB and subsequently receive your local ballot, you can vote with the local ballot, too – your election official will count only your local ballot, and you...

Posted On October 15, 2020

, By Loren Moss

Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.

Posted On October 6, 2020

, By Loren Moss

Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)

US Bankruptcy Court Approves $2 Billion USD Avianca DIP Financing Package

After a $370 million USD government loan was blocked by a Colombian court, a US bankruptcy judge approved a total of $1.217 billion USD in new DIP loans that Avianca was able to negotiate from existing creditors and new investors.

Posted On October 5, 2020

, By Loren Moss

Spirit Air To Fly Humanitarian Flights From Colombia To US In August

The U.S. Embassy has announced that Spirit Airlines will operate three humanitarian flights at the end of August from Colombia to the United States for US citizens and permanent residents that wish to return to the US during this period of closed airspace due to the Coronavirus...

Posted On August 18, 2020

, By Loren Moss

Colombia, USA Announce Bilateral Investment & Rural Development Pact

US DFC CEO Adam Boehler and US National Security Advisor Robert C. O’Brien joined Colombian President Iván Duque to announce the launch of the US-Colombia Growth Initiative to strengthen US-Colombia bilateral cooperation while leveraging US government resources to create economic...

Posted On August 18, 2020

, By Loren Moss

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.

Posted On August 17, 2020

, By Loren Moss

IBM Opens Cognitive Process Transformation Center In Bogotá

IBM has announced the opening of its Cognitive Process Transformation Center in Bogotá Colombia, supporting IBM clients in Spanish, English & Portuguese with various outsourced back-office functions.

Posted On August 10, 2020

, By Loren Moss

Despite Temporary COVID-19 Plant Shutdown, Tecnoglass Reports Record Backlog, Margins

Barranquilla, Colombia based glass & aluminum manufacturer Tecnoglass (NASDAQ: TGLS) reported second quarter results yesterday, highlighting a record $550 million USD order backlog, up 4.8% over the previous year, and record cash flow from operations of $24.3 million, despite...

Posted On August 7, 2020

, By Loren Moss

Little Caesars Pizza Coming To Colombia

Global pizza chain Little Caesar's is coming to Colombia. The first two restaurants in Bogotá will be located in the San Cipriano and Prado Veraniego neighborhoods of Suba, on the capital city's far north side.

Posted On August 6, 2020

, By Loren Moss

Puerto Antioquia Gets $110 Million USD Debt Financing From Global Infrastructure Partners

Global Infrastructure Partners Capital Solutions Funds I and II (“GIP CAPS”) has closed on a $110 million USD secured holding company term loan investment in Puerto Antioquia Holdings S.A.S., the port terminal in the Gulf of Urabá on the Atlantic coast of Antioquia, Colombia

Posted On July 28, 2020

, By Loren Moss