Withdrawal of Notice of a Written Procedure

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.

Cabonline Group Holding AB (publ) (the "Company") has on the date hereof given instructions to Nordic Trustee & Agency AB (publ) (the "Agent") to withdraw the notice of written procedure initiated on 24 April 2020 in respect of its senior secured floating rate notes with ISIN SE0013409398 (the "Notes"). Further, the Company has mandated Carnegie Investment Bank AB (publ) ("Carnegie") and Pareto Securities AS ("Pareto"), as financial advisers in relation to the Notes and any future relevant process to seek amendments of the terms & conditions of the Notes.

On April 24, 2020, the Company instructed the Agent to initiate a written procedure to request the noteholders to vote for certain amendments, waivers, and approvals regarding the terms of the Notes. The notice of the written procedure and the proposed amendments, waivers, and approvals (including the background thereto) are available on the Company's website (www.cabonlinegroup.com).

After initial contacts with the noteholders, the Company has decided, and instructed the Agent, to withdraw the notice of written procedure. Furthermore, the Company has mandated Carnegie and Pareto as its financial advisers and will initiate a dialogue with noteholders in to find an agreeable solution to its covid-19 related concerns.

 

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 11:00 CET on April 28, 2020.
 

For further information, please contact:

Peter Viinapuu, CEO, tel. +46 76 641 10 06, peter.viinapuu@cabonline.com
Anneli Lindblom, CFO, tel. +46 76 593 84 00, anneli.lindblom@cabonline.com
Lisa Karlsen, Pareto Securities AS, tel. +47 41 10 44 66, lisa.karlsen@paretosec.com
Magnus Westman, Carnegie Investment Bank, tel. +46 73 417 90 11, magnus.westman@carnegie.se

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 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.

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.

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