
Sequence advise CentralNic plc on its €26 million acquisition of SK-NIC, manager of Slovakia’s top-level domain
CentralNic plc is an AIM listed global software platform company which supports subscription web services including domain names.
SK-NIC is the manager of .sk, the exclusive country code top-level domain for Slovakia. The earnings enhancing acquisition increases visibility and predictability of CentralNic’s revenues, with a larger proportion being generated from recurring revenue streams.
As part of the transaction, CentralNic has refinanced and extended its existing borrowing facilities with a new term loan of £18 million and an overdraft facility of £3 million from Silicon Valley Bank.