Finance Colombia

Photo credit Elvert Barnes 24.Voting.Waxter.BaltimoreMD.8November2016

2020 Runoff Election Reminder For US Citizens Abroad

The U.S. 2020 general elections have passed, but election season is not over! If you vote in a state or jurisdiction with runoff elections for federal and local offices, the U.S. Embassy can assist with the return of your voting materials.

Posted OnNovember 20, 2020

, ByLoren Moss

Interview: Tecnoglass CFO Santiago Giraldo Discusses The Company’s New $300 Million USD Credit Facility + Land Deal For New Factory

Tecnoglass (NASDAQ: TGLS) just closed on a $300 million USD credit facility from a syndicate of banks. In this Finance Colombia exclusive interview with CFO Santiago Giraldo, he also explains the company's innovative stock-for-land real estate deal for the site of their new...

Posted OnNovember 3, 2020

, ByLoren Moss

Tecnoglass Successfully Closes On $300 Million USD Credit Facility

With a new $300 million USD senior secured credit facility consisting of a $250 million delayed draw term loan and a $50 million committed revolving credit facility, Tecnoglass expands its borrowing capacity, significantly reduces cost of capital, lowers interest expense by an...

Posted OnNovember 2, 2020

, ByLoren Moss

Viva Air group presents Felix Antelo as its new CEO. (Credit: Viva Air)

Viva Air Carries Over 100,000 Passengers With 80% Load Factor In First Month Of Colombian Airspace Reopening

Viva Air Is selling tickets for as low as $15,49 USD one-way, and has announced that it has carried over 100,000 passengers in the first month of Colombian airspace reopening. The airline remains in growth-mode despite the COVID-19 Pandemic.

Posted OnNovember 2, 2020

, ByLoren Moss

US State Department Urges: “Reconsider Travel To Colombia” Due To Worsening Conditions

US Department of State: Reconsider travel to Colombia due to COVID-19. Exercise increased caution in Colombia due to crime, terrorism and kidnapping. Some areas have increased risk. Read the entire Travel Advisory.

Posted OnOctober 30, 2020

, ByLoren Moss

Colombian Government Announces Biosafety Protocols For Arriving International Travelers

Travelers arriving to Colombia must present a negative result of a PCR test for Covid-19 taken no longer than 96 hours before the stipulated time of travel and whoever has symptoms associated with Covid-19 will not be allowed to get on board.

Posted OnSeptember 18, 2020

, ByLoren Moss

Viva Air Restarts International Flights September 19 With Miami-Cartagena Route

Viva Air is the 1st Colombian carrier to announce international flights after airspace reopens. Colombia-Miami flights start September 19. Viva is waiting on Peruvian authorization to begin flights there as well.

Posted OnSeptember 10, 2020

, ByLoren Moss

From Tomato-Thrower To Banana Republican, Can Medellin’s Mayor Daniel Quintero Learn Good Governance (Please?): Op-Ed

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Posted OnSeptember 1, 2020

, ByLoren 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 OnAugust 18, 2020

, ByLoren Moss

Avianca Seeking $1.2 Billion USD Debtor In Possession Financing During Bankruptcy

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a...

Posted OnAugust 18, 2020

, ByLoren Moss