SAS Receives Court Approval for USD 700 Million in Debtor-in-Possession Financing
SAS AB (“SAS” or the “Company”) announces that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved SAS’ debtor-in-possession (“DIP”) financing credit agreement for USD 700 million with funds managed by Apollo Global Management (“Apollo”). The terms of the DIP financing credit agreement are substantially similar to the terms previously announced by SAS on August 14, 2022. The Court has indicated that it will enter an order approving the DIP financing shortly.On August 14, 2022, SAS announced that it entered into a DIP financing credit agreement for USD