CentralNic Group plc Acquisition of TPP Wholesale for a consideration of $24m AUD

CentralNic Group PLC (LON: CNIC), announced on 20 May 2019 that it has entered into a conditional agreement to acquire the Sydney-based business TPP Wholesale, the leading platform for resellers of domain names and hosting in Australasia, for a headline consideration of $24m AUD. The Acquisition is conditional, inter alia, on a financing condition.

As further announced on 20 May 2019, CentralNic is in advanced talks with debt providers and the condition is expected to be satisfied towards the end of June. As a result, Pareto Securities has been mandated to arrange a series of fixed income investor meetings starting in the week commencing Monday, 27 May.

Subject to market conditions, a 4-year senior secured non-convertible bond issue with a volume of approximately €50m EUR may follow. Whilst there can be no certainty that a debt transaction will follow the Company’s investor meetings, any debt raised will be used towards the repayment of existing interest-bearing liabilities, the satisfaction of the financing condition and to enable the Acquisition to complete.

CentralNic Group plc is being advised by Rothschild & Co in connection with the above.