SAS Group credit facility

The Debt Office managed the Swedish government's part of a revolving credit facility to airline group SAS between December 2012 and March 2014. SAS cancelled the credit facility on March 4, 2014.

The Government decided in December 2012 after approval from the Riksdag to participate in the credit facility together with a number of banks, the Knut and Alice Wallenberg foundation and the Danish and Norwegian governments. The credit facility initially gave SAS the right to borrow up to SEK 3.5 billion given that certain terms were met. The Debt Office's share was 21.4 percent.

The size of the credit facility was reduced successively as SAS sold assets. By December 31, 2013, it had decreased to SEK 1.8 billion. SAS never utilized the credit facility, which would have matured on March 31, 2015.