Brief: SAS Provides Update On Chapter 11 Process, Including Financial Projections

Sas AB

23/01/2024 22:11

Jan 23 (Reuters) - SAS AB  SAS.ST :
    * SAS PROVIDES UPDATE ON CHAPTER 11 PROCESS, INCLUDING
FINANCIAL
PROJECTIONS
    * SEES FY 2024 SAS EXPECTS REVENUE TO EXCEED SEK 48 BILLION,
WITH
AN ADJUSTED EBT OF SEK 0.0 TO -1.0 BILLION
    * CHAPTER 11 PLAN SEEKS TO IMPLEMENT A TRANSACTION INCLUDING
A
TOTAL INVESTMENT IN REORGANIZED SAS CORRESPONDING TO USD 1.2
BILLION.
    * CHAPTER 11 PLAN SEEKS TO IMPLEMENT A TRANSACTION INCLUDING
A
TOTAL INVESTMENT IN REORGANIZED SAS CORRESPONDING TO USD 1.2
BILLION
    * CHAPTER 11 PLAN SEEKS TO IMPLEMENT A TRANSACTION INCLUDING
A
TOTAL INVESTMENT IN REORGANIZED SAS CORRESPONDING TO USD 1.2
BILLION
    * SAS CURRENTLY EXPECTS TO EMERGE FROM CHAPTER 11 PROCESS
AROUND
END OF FIRST HALF OF 2024.
    * CHAPTER 11 PLAN SEEKS TO IMPLEMENT A TRANSACTION INCLUDING
A
TOTAL INVESTMENT IN REORGANIZED SAS CORRESPONDING TO USD 1.2
BILLION.
    * SEES  FY 2024 NET DEBT WILL RANGE FROM SEK 36 - 39 BILLION
PRIOR
TO EMERGENCE FROM CHAPTER 11 PROCESS
    * SAS- CO SEES LIQUIDITY AT OR ABOVE SEK 4 BILLION OR ABOUT 
8% OF
LTM REVENUES IN PERIOD PRIOR TO EMERGENCE FROM CHAPTER 11
PROCESS
    * SEES LIQUIDITY OF SEK 11 BILLION OR APPROXIMATELY 25% OF
LTM
REVENUES IN PERIOD FOLLOWING EMERGENCE FROM CHAPTER 11 PROCESS
    * SEES FY 2024 NET DEBT SEK 22 - 24 BILLION FOLLOWING
EMERGENCE
FROM CHAPTER 11 PROCESS 

Source text for Eikon:  ID:nWkr21zSpP 
Further company coverage:  SAS.ST 

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