Update on SAS’ debtor-in-possession term loan
SAS AB (“SAS” or the “Company”) announces that it will not be utilizing the second tranche of its debtor-in-possession (“DIP”) term loan during the second quarter of fiscal year 2023, as previously communicated. Following a stronger than expected development of SAS’ liquidity position during the winter, SAS has no near-term need for additional liquidity through the second tranche of the DIP term loan. SAS may, depending on the continued development of SAS’ liquidity position, continue discussions with Apollo Global Management regarding access to the second tranche of the DIP term loan at a