State credit guarantee to SAS AB now terminated
News 30 October 2020
SAS AB has repaid and terminated the loan that was guaranteed by the Swedish National Debt Office under the guarantee programme for airlines affected financially by the coronavirus pandemic. The SEK 1.5 billion credit guarantee issued by the Debt Office has thereby been terminated as of 29 October 2020.
The termination of the loan and thereby of the state credit guarantee is in accordance with the company’s recapitalisation plan.
The Debt Office issued a SEK 1.5 billion credit guarantee to SAS AB on 4 May 2020. The guarantee was a joint action in which the Danish state undertook an equal guarantee commitment. SAS AB has also settled the loan that was guaranteed by the Danish government.
Debt Office press telephone: +46 (0) 8 613 47 01
Press release 5 May 2020: Sweden provides guarantee for SAS AB