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

SAS獲得7000萬美元的債務人持有融資

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：SASDY）已與阿波羅全球管理公司（紐交所：APO）簽訂了一項金額爲$70000萬的債權優先融資信貸協議。
- 債權優先融資是一種專門用於通過第11章破產程序進行重組的企業所使用的橋樑融資。
- SAS在七月申請破產保護以減輕其債務負擔。
- 相關：飛行員罷工迫使SAS在美國申請第11章破產。
- 除了公司正在進行的業務所產生的現金外，DIP融資將使SAS能夠在第11章程序中繼續履行其義務。
- 公司董事會主席卡斯滕·迪林表示：「有了他們的大筆融資承諾，我們現在可以完全專注於加速實施我們的SAS FORWARD計劃，並繼續保持作爲斯堪的納維亞領先航空公司75多年的傳統。」
- 公司照片

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