Share Prices & Company Research

Market News

04 Jul 2019 | 08:32

CentralNic Group settles €50m senior bond issue; expects acquisitions to be completed at end of July

Internet domain names provider CentralNic Group said it had settled its €50m senior secured bond issue, and added that its recent acquisitions were expected to be completed at the end of the month. The company would use the funds from the bond sale, the placement of which was announced on 24 June 2019 to repay existing interest-bearing liabilities and to fund its most recent acquisitions: TPP Wholesale, Australasia's leading platform for resellers of domain names and hosting, for a headline consideration of $24m AUD; and Hexonet, the global domain name reseller managing over 3.8m domains, for consideration of up to €10m, up to €3m of which in shares.

The company said the acquisitions of TPP Wholesale and Hexonet, were progressing to plan and were expected to complete on schedule by the end of this month.

At 8:32am: (LON:CNIC) Centralnic Group Plc share price was -0.5p at 62p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.