Reglikedomain industry desk

Issue €15 million debt for more acquisitions — CentralNic to

Issue €15 million debt for more acquisitions — CentralNic to

Bondholders approved an increase last month.

CentralNic logo

Domain name industry rollup CentralNic (AIM: CNIC) plans to issue more bonds to pay for additional acquisitions.

Yesterday, the firm disclosed plans to issue €15 million in bonds “for consideration for the buyout of near-term identified targets.”

Last month, bondholders agreed to increase the maximum potential amount under the bond from €90 million to €150 million. The firm explained:

It ought to be noted that the changes, if approved, merely increase the potential cap of the bond so as to provide the Group with enhanced potential flexibility for financing future acquisitions by tapping the bond in increments reflecting the size of specific acquisitions.

This suggests that an buyout notice might be imminent.

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