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

SAS获得7亿美元债务人占有融资

Benzinga Real-time News · 2022/08/15 07:40

- 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(场外交易代码：Sasdy)已与以下公司签订了7亿美元的债务人占有(DIP)融资信贷协议阿波罗全球管理公司(纽约证券交易所代码：APO)。
- DIP融资是一种特殊类型的过渡性融资，供正在通过破产法第11章流程进行重组的企业使用。
- SAS在7月份申请破产保护，以减轻其债务负担。
- 相关: 飞行员罢工迫使SAS在美国申请破产保护
- DIP融资，加上公司持续运营产生的现金，将使SAS能够在整个破产保护过程中继续履行其义务。
- 董事会主席卡斯滕·迪林说：“有了他们的大量融资承诺，我们现在可以完全专注于加快实施我们的SAS前瞻性计划，并继续我们作为斯堪的纳维亚地区领先航空公司75多年的遗产。”
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