SAS enters into investment agreement and replacement facility for existing debtor-in-possession financing
SAS announces that it has entered into an investment agreement with the winning bidder consortium in its exit financing solicitation process, consisting of Castlelake, L.P., on behalf of certain funds or affiliates (“Castlelake”), Air France-KLM S.A. (“Air France-KLM”) and Lind Invest ApS (“Lind Invest”), together with the Danish state (collectively, the “Investors”). As part of the agreed transaction structure, SAS has also entered into a new debtor-in-possession (“DIP”) financing credit agreement for USD 500 million (SEK 5.5 billion)[1] with Castlelake (the “New DIP Financing”) to, among