Cabonline Group issues SEK 1,550 million of senior secured bonds
Cabonline Group, through the parent company Ixat Intressenter AB (Publ), issued SEK 1,550 million of senior secured bonds on 12 June 2017. The issue proceeds will be used to refinance existing debt as well as to finance the group’s continued growth and general corporate purposes. The bonds have a floating interest rate of 3m STIBOR +5.5% and mature in June 2020. The bonds will be listed on Nasdaq Stockholm -We are very pleased with the strong interest from investors in our first bond issue which was quickly oversubscribed. We see it as a positive affirmation of our business model