TapTravel seeks bond waivers and plans SEK 50–87M share issue
TapTravel Nordic has started written procedures to amend its senior bonds, tied to a planned share issue of SEK 50–87 million. Ridge Capital will subscribe at least SEK 50 million.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to TapTravel Nordic AB (publ), the company has started written procedures to amend the terms of its senior and super senior bonds. The changes are linked to an expected share issue of SEK 50–87 million.
Ridge Capital has agreed to subscribe for at least SEK 50 million, subject to conditions. If the company fails to raise at least SEK 50 million by March 31, 2027, an event of default will occur.
The company also cited a missed 2026 interest payment and unsecured loans of up to SEK 70 million.
why it matters
The source points to serious liquidity strain: a missed interest payment and heavy debt raise the risk of restructuring. Approval of the bond amendments, EGM sign-off and actual receipt of funds are the key conditions. For the market, this is a distressed issuer with a hard deadline.
tags
instruments
sources
- TapTravel Nordic AB (publ) Seeks Bond Waivers, Plans SEK 50–87M Share Issue — TradingView, 23 October 2026 at 15:53 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗