Apollo Provides $700MM of Debtor-in-Possession Financing to SAS AB - News

SAS AB entered into a debtor-in-possession (“DIP”) financing credit agreement for USD $700 million (the equivalent of approximately SEK 7.0 billion) with funds managed by Apollo Global Management (“Apollo”). DIP financing is a specialized type of bridge financing used by businesses that are restructuring through a chapter 11 process. The DIP...

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