Globo Wants To Issue High Yield Bonds To Fund Acquisitions (ALLISS)

LONDON (Alliance News) - Globo PLC Friday said it wants to issue high yield bonds to finance ...

Alliance News 19 June, 2015 | 10:43AM
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LONDON (Alliance News) - Globo PLC Friday said it wants to issue high yield bonds to finance acquisitions to propel its expansion and repay existing debt.

Globo, which makes money by helping businesses to enable their employees to use smartphones and tablet computers at work, said it is due to meet with investors in the US and UK to gauge demand for an issue of senior secured high yield notes.

The talks will be held over a series of meetings.

"Following on our US expansion and the successful acquisitions of both Notify Technologies Inc. and the services operations of Sourcebits Inc., we are looking to accelerate our expansion through additional strategic acquisitions in both the US and Europe," Chief Executive Costis Papadimitrakopoulos said in a statement.

Globo is listed on the London Stock Exchange's AIM junior market.

Globo shares were down 1.8% at 56.00 pence on Friday morning in London.

By Samuel Agini;; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

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Globo PLC

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