Cabonline issues SEK 1,800 million of senior secured floating rate notes

Cabonline Group Holding AB (publ) (the "Company") has decided to issue SEK 1,800 million senior secured floating rate notes (the "New Notes"). The Company further intends to list the New Notes on Nasdaq Stockholm.

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.

The New Notes will have a floating interest rate of 3m STIBOR plus 7.50 per cent. per annum and will mature in December 2022. The issuance date is set to occur on 9 December 2019. The issue proceeds will be used to refinance existing debt, including the up to SEK 2,000,000,000 (out of which SEK 1,550,000,000 is outstanding) senior secured floating rate notes 2017/2020 with ISIN SE0009997075 (the "Existing Notes"), as well as to finance general corporate purposes. The Company will as part of the refinancing use the proceeds from the New Notes to repurchase Existing Notes of a total nominal amount of SEK 1,206,000,000. The remaining nominal amount of SEK 344,000,000 of the Existing Notes not repurchased by the Company will be redeemed on the redemption date on 19 December 2019, subject to satisfaction of the Condition (as defined in the conditional notice of early redemption dated 25 November 2019).

Carnegie Investment Bank AB (publ) and Pareto Securities AS are acting as the Company's financial advisors in connection with the issuance of the New Notes.

For further information, please contact:

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

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.