Endurance Announces Results of the Registered Exchange Offer for Its Senior Notes
January 31 2017 - 4:05PM
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 the results of the
exchange offer (the “Exchange Offer”) for all of the outstanding
10.875% Senior Notes due 2024 issued by Endurance’s subsidiary, EIG
Investors Corp. (the “Issuer”), together with the full and
unconditional guarantees of such notes by Endurance and the
Issuer’s wholly owned domestic subsidiaries that also are
guarantors under the Issuer’s existing credit agreement (together
with Endurance, the “guarantors,” and such notes together with such
guarantees, the “Original Notes”), for an equal principal amount of
10.875% Senior Notes due 2024, issued by the Issuer and guaranteed
by the guarantors, which have been registered under the Securities
Act (the “Exchange Notes”).
The Exchange Offer commenced on December 29, 2016
and expired at 5:00 p.m., New York City time, on January 30,
2017.
Wilmington Trust, National Association, acting as
exchange agent for the Exchange Offer, advised the Company that
$350,000,000 of the $350,000,000 aggregate principal amount of the
Original Notes have been validly tendered for exchange,
representing 100.00% of the principal amount of the outstanding
Original Notes.
In accordance with the terms of the Exchange Offer,
the Company has accepted all of the Original Notes validly tendered
and not withdrawn.
Important Information for Investors and
Stockholders
This press release does not constitute an offer to
sell or a solicitation of an offer to buy the Exchange 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. The
Exchange Offer is being made only pursuant to the prospectus dated
December 29, 2016 and the related letter of transmittal and only to
such persons and in such jurisdictions as is permitted under
applicable law.
Forward-Looking Statements
This press release includes certain
“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, including statements
concerning the Exchange Offer. 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 “will” and variations of such word or words of similar
meaning and the use of future dates. These forward-looking
statements reflect our current views about our plans, intentions,
expectations and strategies, which are based on the information
currently available to us and on assumptions we have made. Although
we believe that our plans, intentions, expectations and strategies
as reflected in or suggested by those forward-looking statements
are reasonable, we can give no assurance that these plans,
intentions, expectations or strategies 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, risks and uncertainties
discussed in Endurance’s filings with the U.S. Securities and
Exchange Commission (the “SEC”) incorporated by reference into the
Registration Statement on Form S-4 of the Issuer and the
guarantors, as filed with the SEC, relating to the Exchange
Offer.
We assume no obligation to update any
forward-looking statements contained in this document as a result
of new information, future events or otherwise.
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.
Investor Contact:
Lynn Harrison
Endurance International Group
(781) 852-3450
ir@endurance.com
Press Contact:
Lark-Marie Antón
Endurance International Group
(646) 887-7272
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