Akin Gump Represents Apollo Global Management in $700 Million DIP Financing with Airline Co. SAS AB
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(New York) – An Akin Gump team represented Apollo Global Management in its debtor-in-possession (DIP) financing credit agreement with Scandinavian airline company SAS AB for $700 million, with funds managed by Apollo Global Management.
DIP financing is a specialized type of bridge financing used by businesses that are restructuring through a chapter 11 process. The DIP financing, along with cash generated from SAS’s ongoing operations, enables SAS to continue meeting its obligations throughout the chapter 11 process.
The Akin Gump team was led by financial restructuring partners Ira Dizengoff and Philip Dublin, finance partner Lucas Charleston and corporate partner Zach Wittenberg and included financial restructuring counsel Zach Lanier and associate Angeline Leggiero; finance partner Clare Cottle, counsel Sasha Shulzhenko and associates Matt Alexander, Rebecca Davies and Katy Screen; corporate counsel Douglas Badini; and international trade partner Davina Garrod.
To learn more about this deal, click here.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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