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Nexway Group company logo
INTERNET | eCommerce / eCommerce enablement
nexway.com

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Founded Year

2002

Stage

Corporate Minority | Alive

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Nexway Group

Nexway Group makes software solution enabling digital businesses to monetize products & services through a suite of efficient yet integrated easy to consume micro-services.

Nexway Group Headquarter Location

1 avenue du Général de Gaulle Tour PB5

Paris, 92074,

France

Latest Nexway Group News

asknet : Refinances Short-Term Bond into Long Term Lower Cost Expanded Bond Program Paving the Way for a Potential Material Acquisition

Oct 6, 2020

03:15p 09/18 0 Message : Insider Information pursuant to Article 17 of the Market Abuse Regulation (MAR) October 06, 2020, Karlsruhe (Germany) - asknet Solutions AG (Ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370) has placed a bond with an aggregate par value of EUR 9.0 million and an interest rate of 6.0% with semi-annual interest payments and a three-year term (ISIN: DE000A3H2VS8, WKN: A3H2VS). Of this nominal amount, EUR 8.0 million is attributable to the bondholders of the EUR 8.0 million 10.0% interest bond (ISIN: DE000A2YN140, WKN: A2YN14) placed by the company in April 2020 and maturing in April 2021, who have made full use of a corresponding exchange offer. The remaining EUR 1.0 million of the nominal amount were placed with institutional investors in a private placement. The proceeds of the issue can be used without restrictions for corporate purposes and include the financing of capital expenditures specifically related to the Academics business unit. A stock exchange listing for the new bond is currently not planned. The annual interest cost of the bonds outstanding had been reduced from EUR 0.80 million to EUR 0.54 million and all of the asknet Solutions AG bonds are now maturing in 2023 instead of 2021. Following the placement of the original EUR 8 million bond, the capital increase and the very profitable sale of a Swiss-French subsidiary Nexway Group AG for cash, all completed in the Q2 2020, asknet Solutions AG had raised over EUR 13 million to finance further expansion of the group with a specific focus on the global education and niche e-commerce markets. This bond refinancing announced today provides asknet Solutions AG with the necessary time and space to complete a potential significant acquisition in 2021, integrate it with the existing operations and improve its operating cash flows to achieve bond repayment in the fall of 2023. asknet Solutions AG is going to publish its 1H 2020 financial results on the 28th of October 2020 and will release the strategic guidelines for its acquisition strategy at the same time. Contact

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Expert Collections containing Nexway Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nexway Group is included in 1 Expert Collection, including E-Commerce.

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