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CLIQ Digital secures further growth financing by increasing its current credit facilities up to €57.5 million

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DGAP-News: Cliq Digital AG / Key word(s): Financing
CLIQ Digital secures further growth financing by increasing its current credit facilities up to €57.5 million
25.07.2022 / 14:00
The issuer is solely responsible for the content of this announcement.

CLIQ Digital secures further growth financing by increasing its current credit facilities up to €57.5 million

 

  • Total credit facility increased to €37.5 million with a further top-up option of €20 million for an initial 3-year period

  • Facility secures the financing for further organic and inorganic growth

  • New terms carry market-standard covenants and lower credit costs than former facility agreement

DÜSSELDORF, 25 July 2022 – CLIQ Digital AG today announced it has entered into an amendment and restatement to the company’s current credit facility with Commerzbank and Deutsche Bank. This resulted in a €24 million increase, bringing CLIQ Digital’s credit facility to €37.5 million, with an option after one-year to increase the facilities with another €20 million, bringing the total credit line up to €57.5 million.

Financing

The financing was secured with a syndicate of Commerzbank AG and Deutsche Bank AG. CLIQ Digital plans to use the facility to fund its strong growth perspective as well as potential acquisition opportunities and general corporate purposes. The new credit facility of €37.5 million includes a further €20 million optional facility and will be available for a period of three years plus two one-year extension options.

The facility comes with customary covenants for the size and type of CLIQ Digital’s business. The interest rates charged for the facilities are in line with market standards and lower than the previous facility agreements.

Management statement

This much larger facility will provide a low-cost and flexible source of capital as we continue to grow our business rapidly – both organically and via acquisitions,” said Ben Bos, member of the Management Board. “We are grateful that the Commerzbank and Deutsche Bank continue to share our vision for our growth path going forward.”

 

Contacts

Investor relations:

Sebastian McCoskrie
s.mccoskrie@cliqdigital.com
+49 151 52043659

Julián Palacios
j.palacios@cliqdigital.com
+49 151 18476600

www.cliqdigital.com/investors

 

 

Media relations:

Daniela Münster, daniela.muenster@deekeling-arndt.com, +49 174 3358111

 

Financial calendar

2Q/6M 2022 Financial report & earnings call

Tuesday

2 August 2022

3Q/9M 2022 Financial report & earnings call

Thursday

3 November 2022

About CLIQ Digital

CLIQ Digital is a global streaming provider specialising in the performance marketing of mass market entertainment products and offering its members unlimited access to movies, series, music, audiobooks, sports and games. CLIQ Digital has a long and successful corporate history in digital marketing, offering niche products to the mass market at competitive prices. The company operates in over 30 countries and employed 168 staff from 32 different nationalities as at 30 June 2022. CLIQ Digital is a valuable strategic business partner for networks, content producers as well as for publishers and payment service providers. The company is headquartered in Düsseldorf and has offices in Amsterdam, London, Paris, Barcelona, Toronto and Florida. CLIQ Digital is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A0HHJR3, WKN: A0HHJR) and is a constituent of the MSCI World Micro Cap Index.

Visit our website at https://cliqdigital.com/investors, here you will find all publications as well as further information about CLIQ Digital. Follow us on LinkedIn | Facebook | Instagram.


25.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Cliq Digital AG

Grünstraße 8

40212 Düsseldorf

Germany

E-mail:

s.mccoskrie@cliqdigital.com

Internet:

www.cliqdigital.com

ISIN:

DE000A0HHJR3

WKN:

A0HHJR

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1405199


 

End of News

DGAP News Service

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