SAS Secures $700M Chapter 11 Bridge Financing
Credit: Nigel Howarth / Aviation Week
Scandinavian Airlines (SAS) has signed an agreement with U.S. private equity firm Apollo Global Management, which will provide $700 million in debtor-in-possession (DIP) financing to see the airline through Chapter 11. “The DIP financing, along with cash generated from the company’s ongoing...
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