Pressmeddelanden, rapporter och bolagsmeddelande för Caybon Holding AB

Caybon Holding AB has appointed Johan Janing, who has been with the company since 2009 and served as CFO since 2014, as its new CEO and president effective from 2 April 2024. Caybon has also agreed to a proposal with a majority of its bondholders and stakeholders for new financing and a long-term capital structure. Part of this agreement includes a SEK 10 million super senior bridge financing from certain bondholders. Richard Båge, the former CEO, will continue as an advisor and board member during the transition. ABG Sundal Collier and Roschier Advokatbyrå AB are serving as financial and legal advisors to the company, respectively, while Gernandt & Danielsson Advokatbyrå AB is advising the bondholders.

Caybon Holding AB has signed a master restructuring term sheet with most of its bondholders and other stakeholders to address its financial issues. The term sheet outlines Caybon's future capital structure and will be implemented in a formal written procedure in March 2024. Details include a SEK 10,000,000 super senior bridge financing, an extension of bond maturity to December 2027, and a change in interest rates. SEK 365,000,000 of the bonds will undergo a debt to equity swap and a new super senior bond loan of SEK 130,000,000 will be issued. After the transaction, bondholders will own about 45% of Caybon, new super senior bondholders will own around 40%, and the board and management will hold approximately 12%. Caybon also expects an adjusted EBITDA of SEK 40-45m and an adjusted EBITA of SEK 10-15m for the full financial year 2024. Johan Janing will become the new CEO of Caybon from 2 April 2024.