SAS Group refinances three Airbus A330-300 aircraft with a new USD 125 million secured credit facility
Following on from recent announcements concerning steps taken to improve the SAS Group’s financial position, a new USD 125m secured loan facility covering three A330-300 aircraft has been entered into with an East Asia-based Global Insurance Company as sole facility provider-The tranches covering two aircraft have been drawn down as the initial ECA-backed loans matured, with the third and final tranche due in February 2013. The net cash effect from the transactions is estimated at MUSD 45.
SAS Group Investor Relations
SAS is publishing this information in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act and corresponding Danish and Norwegian legislation. This information was submitted for publication on December 3, 2012 at 15:00 CET.
For further information, please contact:
Sture Stølen, Head of SAS Group Investor Relations, +46 70 997 1451