{"id":12710,"date":"2023-04-17T07:00:46","date_gmt":"2023-04-17T07:00:46","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/sas-will-not-use\/"},"modified":"2023-04-17T07:07:07","modified_gmt":"2023-04-17T07:07:07","slug":"sas-will-not-use","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/sas-will-not-use\/","title":{"rendered":"SAS will not use second tranche of $700 million Apollo loan"},"content":{"rendered":"<p>COPENHAGEN (Reuters) &#8211;     SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, due to stronger than expected development of the airline&#8217;s liquidity, the airline said on Monday.<\/p>\n<p>SAS may, depending on the development of its liquidity, continue discussions with Apollo regarding access to the second tranche of the DIP term loan at a later stage of the Chapter 11 process.<\/p>\n<p>The airline will continue to pursue other financing initiatives that could boost its liquidity at a lower cost than a near-term use of the second tranche of the DIP term loan.<\/p>\n<p \/>\n<p> (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/sas-will-not-use\/a-scandinavian-sas-airline-passenger-plane-flies-near-the-air\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3G060-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3G060-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>COPENHAGEN (Reuters) &#8211; SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, due to stronger than expected development of the airline&#8217;s liquidity, the airline said on Monday. SAS may, depending on the development of its liquidity, continue discussions with Apollo regarding [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12711,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-12710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3G060-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/12710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=12710"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/12710\/revisions"}],"predecessor-version":[{"id":12712,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/12710\/revisions\/12712"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/12711"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=12710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=12710"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=12710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}