SAS SIGNS NOK 1.5 BILLION TERM LOAN FACILITY AGREEMENT
SAS AB (publ) (“SAS”) has signed a NOK 1.5 billion three-year term loan facility agreement, 100% guaranteed by the Norwegian Export Credit Guarantee Agency (GIEK). Since the Norwegian government announced credit guarantees to airlines, SAS has worked with four Nordic banks as well as GIEK to clarify the criteria and terms for the guarantees. The guarantee scheme, which has been approved by the EFTA Surveillance Authority and the Norwegian Parliament, was implemented in the context of the COVID-19 pandemic and is intended to support the airline’s liquidity to ensure airline operations in