TIDMCNIC

RNS Number : 7489E

CentralNic Group PLC

31 October 2022

31 October 2022

CentralNic Group plc

("CentralNic" or the "Company", or the "Group")

Successful Completion of Refinancing

CentralNic Group Plc (AIM: CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing service s, is pleased to announce that further to the announcement made on 17 October 2022, the Company has now completed on its refinancing. As part of this, CentralNic has a new USD 250 million Senior Facilities Agreement ("SFA").

The SFA comprises of a USD 150 million term loan ("TL") and a USD 100 million committed revolving credit facility ("RCF") and provides a notable reduction in borrowing costs to the Group. Funds from the TL have been used to fully repay CentralNic's EUR 126 million senior secured bonds as well as repay drawings under the Group's previous revolving credit facility. CentralNic's new RCF is available for general corporate purposes, including M&A.

Michael Riedl, CFO of CentralNic, said : "The new senior facilities agreement reduces CentralNic's cost of capital and further augments the Company's capacity to continue to execute its roll-up strategy. It is a great vote of confidence by our financing partners and a testament to the resilience of our business model as well as our disciplined approach to capital allocation. We remain focused on executing our strategy and welcome the new syndicate of banks to working with the Group."

For further information:

 
 CentralNic Group Plc 
  Ben Crawford, Chief Executive Officer 
  Don Baladasan, Group Managing Director 
  Michael Riedl, Chief Financial Officer     +44 (0) 203 388 0600 
 
 Zeus (NOMAD and Joint Broker) 
  Nick Cowles / Jamie Peel / James Edis 
  (Investment Banking)                        +44 (0) 161 831 1512 
  Dominic King (Corporate Broking)            +44 (0) 203 829 5000 
 Berenberg (Joint Broker) 
  Mark Whitmore / Richard Andrews / Alix 
  Mecklenburg-Solodkoff                       +44 (0) 20 3207 7800 
 SEC Newgate (for Media)                    +44 (0) 203 757 6880 
  Bob Huxford / Isabelle Smurfit / Max       centralnic@secnewgate.co.uk 
  Richardson

About CentralNic Group plc

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing online marketplaces allowing businesses globally to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers 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.

For more information please visit: www.centralnicgroup.com

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October 31, 2022 07:00 ET (11:00 GMT)

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