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 and the capital increase positions Cabonline Group well for continued expansion, says Thomas Ekman, CEO Cabonline Group.
Carnegie Investment Bank and Danske Bank A/S acted as Joint Bookrunners in the transaction.
For additional information contact:
Thomas Ekman, CEO Cabonline Group tel +4670 426 4707
Olof Fransson, CFO Cabonline Group tel +4670 517 2022
Pernilla Oldmark, CCO Cabonline Group tel +4670 426 4545
About Cabonline Group
Cabonline Group and is one of Europe’s leading technology and service providers to the taxi and transportation industry. In Sweden and Norway around 3,500 transporters with approximately 7,000 vehicles are connected to us under different brands such as Taxi Kurir, Taxi 020, Norgestaxi, TOPCAB, Taxi Skåne and Sverigetaxi. Through Cabonline Group, the transporters get access to attractive customer contracts, leading technology platforms as well as access to scale advantages and infrastructure. Cabonline Group has yearly net revenue of around SEK 5,6 billion and handles approximately 60,000 trips per day. www.cabonline.com.