Setterwalls has advised Cabonline Group Holding AB (publ) in connection with the issuance of up to SEK 2,200 million senior secured floating rate bonds.
Setterwalls has advised Cabonline Group Holding AB (publ) in connection with the company’s early redemption of its outstanding bonds and the issuance of new senior secured floating rate bonds initially amounting to SEK 1,800 million within a framework amount of SEK 2,200 million. The bond proceeds are used to, amongst others, repurchase outstanding bonds as well as general corporate purposes. The company intends to apply for listing of the bonds on Nasdaq Stockholm. Setterwalls has also advised in connection with the entering into of a super senior revolving credit facility and the related intercreditor and security agreements.
Cabonline Group Holding AB (publ) 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.