Cabonline defers certain interest payments in October
Cabonline Group Holding AB (publ) has decided to defer certain interest payments due in October 2025, in accordance with the terms and conditions of its sustainability-linked notes. The decision strengthens the Company’s liquidity and represents a proactive step in support of a continued stable and long-term sustainable capital structure.
Cabonline Group Holding AB (publ) has resolved to defer the interest payments due on 20 October 2025 under certain of its outstanding notes. Reference is made to the secured sustainability-linked notes (i) with an outstanding amount of SEK 825 million with ISIN SE0017767346 (the “Existing Notes”), and (ii) with an outstanding amount of SEK 400 million with ISIN SE0020849818 (the “Elevated Notes”). The resolution is made in accordance with clause 10.7 of the terms and conditions of the Existing Notes and clause 10.8 of the terms and conditions of the Elevated Notes. The interest payments under the “New Notes” will, however, be made as scheduled.
Thanks to strong support from noteholders during the refinancing earlier this year, Cabonline has significantly improved its financial terms. In addition to extended maturities and reduced interest rates, the Company was also granted the option to – if needed – defer certain interest payments. This strengthens Cabonline’s liquidity and provides additional flexibility to maintain focus on growth, sustainability, and improved profitability.
Cabonline’s financial position remains stable, and this decision forms part of a long-term strategy to safeguard strong liquidity and flexibility going forward. Information about accrued interest will be published on Cabonline's website, www.cabonlinegroup.com/en/about/investor.
For further information, please contact
Erik Skånsberg, CFO, +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).
About Cabonline Group
Cabonline is the leading taxi company in the Nordic region, with ~2,100 connected transporters and ~3,800 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 2024, Cabonline’s revenue was approximately SEK 4.7 billion. For further information: cabonlinegroup.com/en
https://news.cision.com/cabonline-group-ab/r/cabonline-defers-certain-interest-payments-in-october%2Cc4249170
Cabonline defers certain interest payments in October
