SAS defers interest payment on perpetual capital securities as part of the ongoing chapter 11 process, and the ongoing company reorganization proceeding in Sweden
SAS AB (publ) (“SAS” or the “Company”) will defer the interest payments due April 23 and 26, 2024, respectively, on its perpetual capital securities, as part of the Company’s voluntary chapter 11 process in the U.S and the company reorganization proceeding in Sweden. The deferral of interest payment is made in accordance with the terms and conditions for the respective capital securities.This means that SAS defers the approximately SEK 84.2 million semi-annual interest payment due April 23, 2024 on its outstanding SEK 1,615 million perpetual capital securities with ISIN SE0014957999, and