これで正式に再生されるスカンジナビア航空となります、日本で言う民事再生法下での会社運営が終わり正式に新たな会社組織での運営となりますね、
報道では既にご案内の通り、運送運営はフランス国営航空会社「エールフランス航空」が担う事になりますね、新会社の株主は、報道では其のエールフランス航空がざっくり20%、各種投資ファンドがざっくり40%、国(デンマーク国)が25%、残りは投資家?現有投資者が保有する株は雲散霧消になりますね
交通インフラを担う会社(航空会社)は、そう簡単には潰しませんね、なんとか運営維持させますね、羨ましい限りです、或る意味、やはりエッセンシャルワーカーです
SAS RECEIVES COURT APPROVAL TO ENTER INTO INVESTMENT AGREEMENT IN ITS EXIT FINANCING SOLICITATION PROCESS
SAS announces that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved SAS’ entry into the investment agreement with the winning bidder consortium in SAS’ exit financing solicitation process. The winning bidder consortium consists of Castlelake, L.P., on behalf of certain funds or affiliates (“Castlelake”), Air France-KLM S.A. and Lind Invest ApS, together with the Danish state (collectively, the “Investors”).
On November 4, 2023, SAS announced that it had entered into an investment agreement with the Investors, subject to approval by the Court. The agreed transaction structure includes a total investment in reorganized SAS corresponding to USD 1,200 million (SEK 13.2 billion),[1] which includes USD 475 million (SEK 5.225 billion) in new unlisted equity and USD 725 million (SEK 7.975 billion) in secured convertible debt. Today, SAS received Court approval to enter into the investment agreement.
SAS also received final Court approval for its new debtor-in-possession (“DIP”) financing credit agreement with Castlelake for USD 500 million (SEK 5.5 billion). The funding related to the new DIP financing credit agreement is being used to, among other things, refinance SAS’ original DIP term loan with a significant extension of the DIP loan financing period sufficient to bridge to final emergence from chapter 11. On November 9, 2023, the Court authorized SAS to draw USD 450 million (SEK 4.95 billion) and, today, the Court authorized SAS to draw the remaining USD 50 million (SEK 550 million) under the new DIP facility.
Anko van der Werff, President & Chief Executive Officer of SAS, comments:
“The investment agreement that was approved by the court today is a key milestone in our SAS FORWARD plan, and it shows that our new investors believe in SAS and our potential to remain at the forefront of the airline industry for years to come.”
Conditionality of the transaction and expected recoveries in the chapter 11 process
The agreed exit transaction remains subject to approval in connection with the confirmation of SAS’ chapter 11 plan of reorganization (the “Chapter 11 Plan”). SAS currently aims to receive approval from the Court of the Chapter 11 Plan in early 2024, to be followed by obtaining regulatory approvals and the implementation of a Swedish company reorganization (Sw. företagsrekonstruktion) at the SAS AB level (likely to be filed by SAS AB in 2024). The effectiveness of the transaction will occur upon the fulfilment of certain conditions precedent, including receipt of all relevant regulatory approvals, as further set out in the press release announced by SAS on October 3, 2023. No approval is expected to be required from the existing shareholders of SAS AB for the transaction.
SAS reiterates its expectation set out in the press release announced by SAS on October 3, 2023 that there will be only a modest recovery for general unsecured creditors, no recovery for subordinated unsecured creditors and no value for SAS AB’s existing shareholders upon emergence from the chapter 11 process. Any payment of recoveries to creditors will be made only after the completion of the transaction and the fulfilment of any conditions for payment to creditors. All of SAS AB’s common shares and listed commercial hybrid bonds are further expected to be cancelled, redeemed and delisted (currently expected to occur during the second quarter of 2024).
上記出処:SAS社プレスリリース|2023年11月21日付より全文は下記リンクから
上記リンクが外れている場合は➡︎ここ
村松社長
最新記事 by 村松社長 (全て見る)
- 迫り来る災難に対して危機感を持っている国 - 2024年12月13日
- 総合的に見れば運賃差はべらぼうに変わらないんですがねぇ〜 - 2024年12月12日
- この世は万事、快適に過ごしたいなら、それなりにお金が要る - 2024年12月11日
- 米軍の粋な計らい - 2024年12月10日
- 本当に世界各所で色々な難儀な事が起こっています - 2024年12月9日