Endurance Announces Proposed Offering of $350 Million of Senior Unsecured Notes
January 26 2016 - 9:30PM
Endurance International Group Holdings, Inc. ("Endurance" or the
"Company") (NASDAQ:EIGI), a leading provider of cloud-based
platform solutions designed to help small and medium-sized
businesses succeed online, today announced a proposed offering of
$350 million aggregate principal amount of senior unsecured notes
due 2024 (the "Notes") to qualified institutional buyers in the
United States pursuant to Rule 144A under the Securities Act of
1933, as amended (the "Securities Act"), and to certain non-United
States persons in transactions outside the United States pursuant
to Regulation S under the Securities Act.
The timing of pricing and terms of the Notes are subject to
market conditions and other factors. Endurance intends to use
the proceeds from the proposed offering for the previously
announced proposed acquisition of Constant Contact, Inc. ("Constant
Contact"). The Notes are expected to be issued by Endurance’s
subsidiary, EIG Investors Corp., and fully and unconditionally
guaranteed on a senior unsecured basis by Endurance and
substantially all of EIG Investors Corp.’s wholly owned domestic
subsidiaries that also are guarantors under EIG Investors Corp.’s
existing credit agreement. Upon consummation of the
acquisition of Constant Contact, Constant Contact and substantially
all of Constant Contact’s domestic wholly owned subsidiaries would
also fully and unconditionally guarantee the Notes on a senior
unsecured basis.
The Notes have not been and will not be registered under the
Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States or to, or for the
benefit of, U.S. persons absent registration under, or an
applicable exemption from, the registration requirements of the
Securities Act.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes or any other security and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which, or to any persons to whom, such an offer,
solicitation or sale would be unlawful. Any offers of the Notes
will be made only by means of a private offering memorandum.
Important Information for Investors and
Stockholders
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
Cautionary statement concerning forward-looking
information
This press release includes “forward-looking statements” that
involve risks and uncertainties within the meaning of Section 27A
of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements regarding the
expected acquisition of Constant Contact, the offering of the Notes
and the intended use of proceeds of the Notes. These
forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements
contained in this press release that are not historical facts, and
statements identified by words such as “propose,” “intend,” “will,”
“expect” and variations of such words or words of similar meaning
and the use of future dates. These forward-looking statements
reflect our current views about our plans, intentions,
expectations, strategies and prospects, which are based on the
information currently available to us and on assumptions we have
made. Although we believe that our expectations as reflected
in or suggested by those forward-looking statements are reasonable,
we can give no assurance that these expectations will be attained
or achieved. Furthermore, actual results may differ materially from
those described in the forward-looking statements and will be
affected by a variety of risks and factors that are beyond our
control including, without limitation, uncertainties as to the
timing of the contemplated transaction; the possibility that
Endurance may not receive financing on the terms expected; the
possibility that the closing conditions to the contemplated
transaction may not be satisfied or waived; the risk that
stockholder litigation or other legal proceedings in connection
with the contemplated transaction may affect the occurrence of the
contemplated transaction; and other risks and uncertainties
discussed in Endurance’s filings with the SEC, including the
“Risk Factors” sections of Endurance’s most recent Quarterly Report
on Form 10-Q for the period ended September 30, 2015 and most
recent Annual Report on Form 10-K for the year ended December 31,
2014. You can obtain copies of Endurance’s filings with the SEC for
free at the SEC’s website (www.sec.gov). Endurance does not assume
any obligation to update any forward-looking statements contained
in this document as a result of new information, future events or
otherwise.
About Endurance International
Group
Endurance International Group is a publicly traded (NASDAQ:EIGI)
technology company that helps power small and medium-sized
businesses online. Through its proprietary cloud platform,
Endurance provides web presence solutions including web hosting,
eCommerce, eMarketing and mobile business tools to approximately
4.5 million subscribers around the globe. The company’s world-class
family of brands includes Bluehost, HostGator, iPage, Domain.com, A
Small Orange, MOJO Marketplace, BigRock and ResellerClub, among
others. Headquartered in Burlington, Massachusetts, Endurance
employs more than 2,500 people across the United States in Utah,
Texas, Washington and Arizona and in the United Kingdom, India,
Israel and Brazil.
Endurance International Group and the compass logo are
trademarks of The Endurance International Group, Inc. Other
brand names of Endurance International Group are trademarks of The
Endurance International Group, Inc. or its subsidiaries.
Endurance Investor Contact:
Angela White
Endurance International Group
(781) 852-3450
ir@endurance.com
Endurance Press Contact:
Dani LaSalvia
Endurance International Group
(781) 852-3212
press@endurance.com
Endurance (NASDAQ:EIGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Endurance (NASDAQ:EIGI)
Historical Stock Chart
From Jul 2023 to Jul 2024