SAS AB has entered into a debtor-in-possession (DIP) financing credit agreement for $700 million (the equivalent of approximately SEK7.0 billion) with funds managed by Apollo Global Management (Apollo). SAS states that the DIP financing, along with cash generated from ongoing operations, enables the company to continue meeting its obligations throughout the chapter 11 process. The DIP financing is subject to approval by the US Bankruptcy Court for the Southern District of New York. The DIP financing is structured as a non-amortizing senior secured super-priority debtor-in-possession delayed-draw term loan facility with a nine-month maturity from the closing date. The maturity date

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