With the intention to optimise its capital structure, Raketech has today repaid EUR 15.5 million of the current loan under its current credit facility. As a result of the payment, Raketech will decrease its financial expense attributable to borrowing EUR 0.5 million approx. per quarter.
Following the payment, the remaining outstanding debt within the credit facility amounts to EUR 7.7 million, which Raketech aims to settle in full over time. Raketech continues to pursue its active M&A strategy and is engaged in discussions with several acquisition candidates.
Andreas Kovacs, Raketech’s CFO said: “To refinance the loan facility that the company secured before the IPO is a priority for Raketech, in an effort to create an optimal and favourable capital structure over time. Since the IPO, we have settled a majority of the amounts drawn down, and actively look for different types of future financing options.”
For more information, please contact Andreas Kovacs, CFO, email@example.com
This information is such that Raketech Group Holding P.L.C. is required to publish under the EU Market Abuse Regulation. The information was submitted under the auspices of the above contact person for publication at 8.00 a.m. CET on 3 October 2018.
About Raketech Group
Raketech is a leading online affiliate and content marketing company, with expertise in delivering SEO, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser is the company’s Certified Adviser. For more information, visit www.raketech.com.