Cabonline gives notice that condition for early total redemption of its outstanding bond has been satisfied

Cabonline Group Holding AB (publ) (the "Company") confirms that the condition contained in the conditional notice of early redemption given on 25 November 2019 to all holders of the up to SEK 2,000,000,000 senior secured floating rate notes 2017/2020 with ISIN SE0009997075 issued by the Company (the "Notes") with a redemption date on 19 December 2019 has been satisfied.

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS OR IN OR INTO ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL.

In the conditional notice of early redemption dated 25 November 2019 from the Company to the holders of the Notes (the "Conditional Notice of Early Redemption"), the Company notified the holders of the Notes that it would redeem its outstanding Notes, subject to the completion of the issuance of SEK-denominated senior secured floating rate notes and the entering into of a new super senior revolving credit facility, in each case on or prior to 12 December 2019 (the “Record Date"), for the purpose of inter alia refinancing the Notes.

The Company hereby confirms that the Condition (as defined in the Conditional Notice of Early Redemption) has been satisfied. Since the Condition has been satisfied, the redemption as contemplated by the Conditional Notice of Early Redemption will occur on 19 December 2019.

10 December 2019 will be the last day for trading of the Notes in order for the trade to be registered in the debt register on the Record Date.

For further information, please contact:

Johan Ryrberg, acting CFO, tel +46 70 538 76 70

This information is information that Cabonline Group Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:15 CET on December 9, 2019.

About Cabonline:

Cabonline is the leading taxi company in the Nordic region with 3,000 connected taxi firms and approximately 5,700 vehicles in Sweden, Norway, Finland and Denmark. Cabonline contains a series of well-known brands, such as Flygtaxi, TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, taxi firms have access to attractive customer agreements, support from industry-leading technological development and utilization of economies of scale, efficient service and a shared infrastructure. The Group has revenue of approximately SEK 6.2 billion and performs about 50,000 journeys per day. For further information: www.cabonlinegroup.com.

About Us

Cabonline is the leading taxi company in the Nordic region with 3,000 connected taxi firms and approximately 5,700 vehicles in Sweden, Norway, Finland and Denmark. Cabonline contains a series of well-known brands, such as TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, taxi firms have access to attractive customer agreements, support from industry-leading technological development and utilization of economies of scale, efficient service and a shared infrastructure. The Group has revenue of approximately SEK 6.5 billion and performs about 45,000 journeys per day. For further information: www.cabonlinegroup.com.

Subscribe