(Alliance News) - Internet domain seller CentralNic Group PLC said Thursday it has settled its EUR50 million senior secured bond issue, first announced in late June.
The bond was originally to mature in July 2023, and have a coupon of three-month EURIBOR plus 7% per annum with a floor, or the lowest value a bond can fall to, at 0%.
Funds from the bond issue will go towards repaying existing interest-bearing liabilities, and to buy domain name reselling platform TPP Wholesale, which has a headline AUD24 million consideration - around USD17 million, and German peer Hexonet for EUR10 million.
Both acquisitions are expected to be completed by the end of the month.
Shares in CentralNic were down 2.4% at 61.00 pence on Thursday.
