SAS accomplished unsecured private placement of €35m

SAS (Scandinavian Airlines System Denmark -Norway- Sweden) has on 30 July 2013 managed to accomplish a private placement of €35m. The private placement is unsecured and has a 5 years term. The funds will be used to support SAS’ longer term liquidity level and be used to pay off upcoming unsecured maturing debt. The private placement has been completed in accordance with current market conditions with private investors. Deutsche Bank has acted as a sole advisor for the transaction.