The bonds were issued under a total framework of SEK 2,200 million and will have a 3-year tenor with floating interest rate of Stibor 3m + 7.50%. The issue proceeds will be used to refinance existing debt, including the outstanding SEK 1,550 million senior secured floating rate notes, as well as to finance general corporate purposes.
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.
Carnegie acted as joint bookrunner in connection with the transaction.