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- SAS Defers Interest Payment On Perpetual Capital Securities As Part of The SAS FORWARD Plan and The Ongoing Chapter 11 Process
SAS defers interest payment on perpetual capital securities as part of the SAS FORWARD plan and the ongoing chapter 11 process
13 Apr 2023 08:00 CEST
Issuer
SAS AB
SAS AB (publ) ("SAS" or the "Company") will defer the interest payments due
April 24 and 26, 2023, respectively, on its perpetual capital securities, as
part of the Company's SAS FORWARD plan and voluntary chapter 11 process in the
U.S. The deferral of interest payment is made in accordance with the terms and
conditions for the respective capital securities.
This means that SAS defers the approximately SEK 56.3 million semi-annual
interest payment due April?24, 2023 on its outstanding SEK 1,615 million
perpetual capital securities with ISIN?SE0014957999, and the approximately
SEK 216.4?million semi-annual interest payment due April?26, 2022 on its in
aggregate outstanding SEK?6,000 million subordinated perpetual capital
securities with ISIN?SE0014958005 and SE0014958013.
For further information, please contact:
SAS press office, +46 8 797 29 44
Investor Relations: +46 70 997 7070
SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainable values, SAS aims to be the global leader
in sustainable aviation. We will reduce total carbon emissions by 25 percent by
2025, by using more sustainable aviation fuel and our modern fleet with fuel
-efficient aircraft. In addition to flight operations, SAS offers ground
handling services, technical maintenance and air cargo services. SAS is a
founder member of the Star AllianceT, and together with its partner airlines
offers a wide network worldwide. Learn more at https://www.sasgroup.net
More information:
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Source
SAS AB
Provider
Oslo Børs Newspoint
Company Name
SAS AB
ISIN
SE0003366871
Symbol
SASNO
Market
Oslo Børs