By Rebecca Melvin
Concord, N.H., April 20 – Cabonline Group Holding AB sold SEK 1.65 billion senior secured sustainability-linked floating-rate notes due April 2026, according to a company news release.
The notes have a coupon of Stibor plus 950 basis points, and they are linked to the outcome of three sustainability goals under the company’s sustainability strategy, according to the March 25 release.
Pareto Securities AS acted as sustainability adviser and bookrunner for the issue, the proceeds of which will be for refinancing existing debt, including up to SEK 2.2 billion senior secured floating-rate notes due 2022 (ISIN: SE0013409398) and for general corporate purposes.
The 2022 notes not repurchased by the company will be redeemed on April 28.
The issuer intends to list the new notes on Frankfurt Open Market and Nasdaq Sustainable Bond Market.
The Nordic region taxi company is based in Stockholm.
| Issuer: | Cabonline Group Holding AB
|
| Amount: | SEK 1.65 billion
|
| Issue: | Senior secured sustainability-linked floating-rate notes
|
| Maturity: | April 2026
|
| Bookrunner: | Pareto Securities AS
|
| Coupon: | Stibor plus 950 bps
|
| Announcement date: | March 25
|
| Issue date: | April 19
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
