SAS stated (05-Mar-2010) it would seek shareholder approval to refinance SEK2 billion (EUR206 million) of debt through a directed convertible bond issue. SAS, half-owned by the governments of Denmark, Norway and Sweden, stated a refinancing of bonds maturing this year was one of the criteria that key shareholders had stipulated for supporting a planned rights issue. The airline stated conditions in the convertible bond market were favourable and it would seek approval for the debt rollover at its annual general meeting on 07-Apr-2010. SAS added that current Board members, Anitra Steen and Berit Kjøll, have communicated to the Nomination Committee that they are not available for re-election.[more]
SAS seeking shareholder approval for debt refinancing
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"A truly remarkable lineup of airlines"; over 50 executives at CAPA's Airline Fleet & Finance Summit
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