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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

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