SAS Secures $700M In Debtor-In-Possession Financing

SAS獲得7億美元債務人佔有融資

Benzinga Real-time News · 2022/08/15 19:40

- SAS AB (OTC:SASDY) has entered into a debtor-in-possession (DIP) financing credit agreement for $700 million with Apollo Global Management, Inc. (NYSE:APO).
- DIP financing is a specialized type of bridge financing used by businesses that are restructuring through a chapter 11 process.
- SAS filed for bankruptcy protection in July to cut its debt burden.
- Related: Pilot Strike Forces SAS To File For Chapter 11 Bankruptcy In US
- The DIP financing, along with cash generated from the company's ongoing operations, will enable SAS to continue meeting its obligations throughout the chapter 11 process.
- "With their substantial financing commitment, we can now focus entirely on accelerating the implementation of our SAS FORWARD plan, and to continue our more than 75-year legacy of being the leading airline in Scandinavia," said board chairman Carsten Dilling.
- Photo Via Company

- SAS AB(場外交易代碼：Sasdy)已與以下公司簽訂了7億美元的債務人佔有(DIP)融資信貸協議阿波羅全球管理公司(紐約證券交易所代碼：APO)。
- DIP融資是一種特殊類型的過渡性融資，供正在通過破產法第11章流程進行重組的企業使用。
- SAS在7月份申請破產保護，以減輕其債務負擔。
- 相關: 飛行員罷工迫使SAS在美國申請破產保護
- DIP融資，加上公司持續運營產生的現金，將使SAS能夠在整個破產保護過程中繼續履行其義務。
- 董事會主席卡斯滕·迪林説：“有了他們的大量融資承諾，我們現在可以完全專注於加快實施我們的SAS前瞻性計劃，並繼續我們作為斯堪的納維亞地區領先航空公司75多年的遺產。”
- 照片通過公司

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