Cabonline Group Holding AB (publ) initiates written procedures regarding certain proposed amendments of the terms and conditions of its outstanding notes
Summary
These initiatives include implementing a new booking and dispatch system, iCabbi, and a comprehensive cost-reduction program to lower operational expenses and improve profitability. Given the current high interest rates and a temporary peak in capital expenditures associated with the iCabbi rollout, Cabonline proposes certain amendments to the terms and conditions of its Notes. Also included is an overview of the companys solid portfolio of multi-year public contracts.For further questions to the Agent, regarding the administration of the written procedures, please contact the Agent at voting.sweden@nordictrustee.com or +46 08 783 79 00.For further questions to the Company please contact:This disclosure contains information that Cabonline Group Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 11 December 2024 16.30 CET.Cabonline is the leading taxi company in the Nordic region, with ~2,200 connected transporters and ~4,000 vehicles in Sweden, Norway and Finland. Through Cabonline, transporters can access attractive customer agreements, support from industry-leading technology and efficient services where shared infrastructure delivers economies of scale.