SAS enters into investment agreement with Castlelake, Air France-KLM
Business
SAS enters into investment agreement with Castlelake, Air France-KLM
(Reuters) - Scandinavian airline SAS(SAS.ST) on Saturday said it had agreed with a consortium consisting of US 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.
