SAS: signs guaranteed loan to handle pandemic

(CercleFinance.com) - Scandinavian airline SAS has completed a 1.
5 billion Norwegian kronor (140 million euros) three-year credit facility that is 100% guaranteed by the Norwegian government, the company said on Monday.

Since the Norwegian government announced credit guarantees to airlines, the company has worked with four Nordic banks, as well as the Norwegian Export Credit Guarantee Agency, to clarify the terms of a loan, it said in a statement.

The scheme, which was implemented due to the Covid-19 pandemic, is intended to support the airline's liquidity to ensure airline operations in Norway, it added.

The facility was coordinated by Nordea, with Danske Bank, Nordea, SEB and Swedbank as "arrangers."

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