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2016-11-09

SAS: SAS finances eight aircraft

As part of SAS's focus on optimizing the capital structure and reduce
financing costs, SAS has agreed to refinance two Boeing 737 and four
Airbus A319 with a credit facility of MUSD 75 including Standard
Chartered Bank and Norddeutsche Landesbank. The facility matures in
January 2023. The aircraft will be refinanced in the period until
January 2018 and were previously financed through lease agreements.

As part of the transaction, SAS has also entered into a Sale and
leaseback transaction with Standard Chartered Bank for the first two
delivered Airbus A320neo with CFM Leap-1A engines during 2016 with a
lease period of ten years.

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http://news.cision.com/sas/r/sas-finances-eight-aircraft,c2118752
http://mb.cision.com/Main/290/2118752/587100.pdf

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