Endurance International Group Announces Potential Refinancing of Its Senior Secured Term Loans
May 22 2017 - 4:05PM
Endurance International Group Holdings, Inc. (NASDAQ:EIGI), a
leading provider of cloud-based platform solutions designed to help
small and medium-sized businesses succeed online, today announced a
potential refinancing of its senior secured term loans to reduce
interest expense and extend the maturity of the term loans that
currently mature in November 2019.
The consummation of the potential refinancing is subject to
completion of definitive agreements as well as market and other
conditions. There can be no assurance that the refinancing will
occur, or, if it does, as to the terms or conditions of the
refinancing.
Endurance also announced today that it is confirming its
previously announced 2017 GAAP revenue, adjusted EBITDA and free
cash flow guidance, as set forth in its earnings release issued on
May 2, 2017. The company’s free cash flow guidance does not reflect
the impact of the potential refinancing.
About Endurance International Group
Endurance International Group Holdings, Inc. (NASDAQ:EIGI)
(em)Powers millions of small businesses worldwide with products and
technology to vitalize their online web presence, email marketing,
mobile business solutions, and more. The Endurance family of brands
includes: Constant Contact, Bluehost, HostGator, iPage, Domain.com,
BigRock, SiteBuilder and SinglePlatform, among others.
Headquartered in Burlington, Massachusetts, Endurance employs
more than 4,000 people across the United
States, Brazil, India and the Netherlands. For more
information, visit: www.endurance.com.
Endurance International Group and the compass logo are
trademarks of The Endurance International Group, Inc.
Constant Contact, the Constant Contact logo and other brand names
of Endurance International Group are trademarks of The Endurance
International Group, Inc. or its subsidiaries.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
concerning the potential refinancing. These forward-looking
statements reflect our current views about our plans, intentions
and expectations, which are based on the information currently
available to us and on assumptions we have made. Although we
believe that our plans, intentions and expectations as reflected in
or suggested by these forward-looking statements are reasonable, we
can give no assurance that they will be attained or achieved.
Furthermore, actual results may differ materially from those
described in the forward-looking statements and may be affected by
a variety of risks and factors that are beyond our control,
including, without limitation: market conditions, regulatory
developments, domestic and global political developments, and other
risks set forth under the caption “Risk Factors” in our Quarterly
Report on Form 10-Q for the period ended March 31, 2017 filed with
the SEC on May 9, 2017 and other reports we file with the SEC. We
assume no obligation to update any forward-looking statements
contained in this document as a result of new information, future
events or otherwise.
Investor Contact:
Angela White
Endurance International Group
(781) 852-3450
ir@endurance.com
Press Contact:
Lark-Marie Antón
Endurance International Group
(646) 887-7272
press@endurance.com
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