Cabonline obtains consent to amend the terms of its outstanding notes
Cabonline Group Holding AB (publ) obtains consent from the noteholders in the written procedures and from the shareholders at the extraordinary general meeting respectively to amend the terms of its outstanding notes.
On 11 December 2024, Cabonline Group Holding AB (publ) (the "Company" or "Cabonline") initiated written procedures under the Company's secured sustainability-linked notes (i) with an outstanding amount of SEK 825 million with ISIN SE0017767346, (ii) with an outstanding amount of SEK 400 million with ISIN SE0020849818, and (iii) with an outstanding amount of SEK 200 million with ISIN SE0020849800 (collectively referred to as the "Notes", and each holder of Notes a "Noteholder"). The written procedures were initiated for the purpose of requesting the Noteholders' consent to certain proposed amendments to the terms and conditions of the Notes as summarised in the Company's press release dated 11 December 2024 and as further stated in the respective notice of written procedure available on the Company's and Nordic Trustee & Agency AB's (publ) (the "Agent") websites.
Cabonline today announces that sufficient quorum and votes have been obtained to approve the request (as defined in the respective notice of written procedure) (the "Request") and that the written procedures have thus been successfully concluded. The Agent has confirmed that the Request has been approved and that the amended terms and conditions of the Notes enter into force today, in accordance with section 4 (Effective Date) of the respective notice of written procedure.
Furthermore, Cabonline announces that the Company's shareholders, at an extraordinary general meeting held today, have resolved to approve the Request and the board of directors' decision to initiate written procedures to amend the terms and conditions of the Notes.
For further questions to the Agent, regarding the administration of the written procedures, please contact the Agent at voting.sweden@nordictrustee.com or +46 08 783 79 00.
For further information, please contact
Erik Skånsberg, CFO, tel + 46 79 062 38 84, erik.skansberg@cabonline.com
This disclosure contains information that Cabonline Group Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 9 January 2025 at 16.00 CET.
About Cabonline
Cabonline is the leading taxi company in the Nordic region, with ~2,200 connected transporters and ~4,000 vehicles in Sweden, Norway and Finland. 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