SAS receives court approval to enter into investment agreement in its exit financing solicitation process
SAS announces that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved SAS’ entry into the investment agreement with the winning bidder consortium in SAS’ exit financing solicitation process. The winning bidder consortium consists of Castlelake, L.P., on behalf of certain funds or affiliates (“Castlelake”), Air France-KLM S.A. and Lind Invest ApS, together with the Danish state (collectively, the “Investors”).On November 4, 2023, SAS announced that it had entered into an investment agreement with the Investors, subject to approval by the Court. The