SAS enters into investment agreement with Castlelake, Air France-KLM

Sas AB

04/11/2023 17:06

Nov 4 (Reuters) - Scandinavian airline SAS SAS.ST  on
Saturday said it had entered into an agreement with a consortium
consisting of U.S. investment firm Castlelake, Air France-KLM
S.A.  AIRF.PA , Danish investment firm Lind Invest, and the
Danish state following its bankruptcy proceedings. 
    SAS added that it has, as part of the transaction structure,
entered into a new debtor-in-possession financing credit
agreement for Swedish crowns 5.5 billion ($505.45 million) with
Castlelake to refinance its loans, increase liquidity and
support the company's path to exit from its voluntary
restructuring proceedings. 
($1 = 10.8814 Swedish crowns)

 (Reporting by Gursimran Kaur in Bengaluru; editing by Philippa
Fletcher)
 ((GursimranKaur.Mehar@thomsonreuters.com;))