Cabonline Group Holding AB (publ) will defer interest payments due in October 2024

Reference is made to Cabonline Group Holding AB (publ) (the “Company” or “Cabonline”), SEK 1,650,000,000 senior secured sustainability-linked floating rate notes with ISIN SE0017767346 (“Existing Notes”), SEK 400,000 senior secured sustainability-linked fixed rate notes with ISIN SE0020849818 (“Elevated Notes”), and SEK 200,000 senior secured sustainability-linked fixed rate notes with ISIN SE SE0020849800 (“New Notes”).

Cabonline has in accordance to Clause 10.4 of the terms and conditions of the Elevated Notes and the Existing Notes, on Interest Payment Date 19 October 2024, elected not to pay whole Interest payment on the Existing notes and to pay portion of the relevant Interest payment for the Elevated notes amounting to SEK 10,972,682.

The determination was based on that as of 30 September, the Company’s cashpool had a balance of MSEK 188 and payments in transfer constituting not freely available funds MSEK 19. October interest payments amount to MSEK 50. The liquidity limit of MSEK 150 is thus undershot by MSEK 32, which constitutes the deferred interest payment.

For further information, please contact:
Erik Skånsberg, CFO, phone +46 79 062 38 84, erik.skansberg@cabonline.com
 

This information is information that Cabonline Group Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at the time stated by Cabonline's news distributor at the time of publication of this press release.

About Cabonline:

Cabonline is the leading taxi company in the Nordic region, with ~2,200 connected transporters and ~4,000 vehicles in Sweden, Norway, Finland and Denmark. Cabonline operates a series of well-known brands, such as Sverigetaxi, TaxiKurir, Taxi Skåne, TOPCAB, Umeå Taxi, Norgestaxi, Fixu Taxi, Kovanen och Flygtaxi. Through Cabonline, transporters can access attractive customer agreements, support from industry-leading technology and efficient services where shared infrastructure delivers economies of scale. In 2023, Cabonline’s revenue was approximately SEK 5.6 billion. For further information: cabonlinegroup.com/en