Caybon Holding AB (publ) postpones payment of interest under its senior secured bonds and receives standstill from approx. 45% of the bondholdersDue to Caybon Holding AB (publ)'s (the "Company") current financial situation, the Company hereby informs that it will until further notice postpone the interest payment due on 4 March 2024 on its senior secured bonds in an initial aggregate amount of SEK 600,000,000 within a framework of up to SEK 1,000,000,000 (the "Bonds").
The Company is working closely together with certain larger holders of the Bonds and Richard Båge, its main shareholder, to find and implement a long-term viable solution for the Company. Subject to a commercial agreement between all parties, the Company expects that such a solution will be communicated within the next weeks.
The postponement of the interest payment will cause an event of default to be outstanding under the terms and conditions of the Bonds. However, the Company further informs that it has received standstill confirmations from holders of Bonds representing approx. 45% of the adjusted nominal amount of the Bonds.
ABG Sundal Collier has been retained as financial advisor and Roschier Advokatbyrå has been retained as legal advisor.
Information:
This information is information that Caybon Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 06.00 CET on 4 March 2024.
For further information, please contact:
Johan Janing, CFO
Telephone: 076-894 06 65
Email: [email protected]
The following documents can be retrieved from beQuoted
Caybon-postpones-payment-of-interest-and-receives-standstill.pdf About Caybon
Caybon is a world-leading digital media company focused on branded content that drives tangible results.
Caybon is a group of scalable, digitally focused marketing companies specialised in content and distribution. The purpose is to offer advertisers and organisations a way to communicate with their target group in an editorial and relevant context. The various offerings include a range of solutions from online media, videos, performance related advertising, events as well as printed products. Revenues in turn are derived from content production as well as various forms of advertising solutions. The clients range from small to medium sized companies all the way up to multinational groups. The client base is thus diversified in terms of both size, sector and geography. The six brands within the Group are grouped into two business segments: Campaign and Network.
For more info visit www.caybon.com
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