Cabonline to redeem SEK 2.2 billion secured floaters on April 28

By Rebecca Melvin

Concord, N.H., April 20 – Cabonline Group Holding AB plans to redeem SEK 2.2 billion senior secured floating-rate notes due 2022 (ISIN: SE0013409398) in full on April 28, according to a company release Wednesday.

The conditional notice of early redemption dated March 24 was subject to completion of a new issue of senior secured floating rate notes and a new super senior revolving credit facility for the purpose of refinancing the existing notes.

Both conditions were to have been met by April 21. The new issue of notes was completed on April 19.

The Nordic region taxi company is based in Stockholm.

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