SAS provides update on expected recoveries for creditors in the chapter 11 process – obtains support of Official Committee of Unsecured Creditors
SAS announces that it will file a second amended chapter 11 plan of reorganization (the “Chapter 11 Plan”) and related disclosure statement (the “Disclosure Statement”) with the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) today, which documents will include, among other things, information on expected recoveries for general unsecured creditors, including the holders of SAS AB’s listed commercial hybrids. The Chapter 11 Plan and the Disclosure Statement may be further amended, modified, or supplemented and remain subject to Court approval. Holders of SAS AB’s