CentralNic Group PLC (LON: CNIC), the global internet platform that derives revenue from the subscription sales of internet domain names, announced today the settlement of its €50m senior secured bond issue, the placement of which was announced on 24 June 2019, occurred on 3 July 2019. The bonds have been issued under ISIN NO0010856750 and can be traded on the Open Market of the Frankfurt Stock Exchange.
Upon disbursement, which is expected before the end of this month, the Company will use these funds 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 3.8 million domains, for consideration of up to €10m, up to €3m of which in shares.
Both acquisitions are progressing to plan and are expected to complete on schedule by the end of this month.
CentralNic Group plc is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.
CentralNic operates globally with customers in almost every country in the world. It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis.