SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 15, 2018
Endurance International Group Holdings, Inc.
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction
10 Corporate Drive, Suite 300
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants telephone number, including area code: (781) 852-3200
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 8.01.||Other Events|
On June 15, 2018, Endurance International Group Holdings, Inc. issued a press release announcing the repricing of its senior secured term loan. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.
|Item 9.01.||Financial Statements and Exhibits|
|99.1||Press release issued by Endurance International Group Holdings, Inc. on June 15, 2018|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|ENDURANCE INTERNATIONAL GROUP HOLDINGS, INC.|
|Date: June 15, 2018|
|Title:||Chief Financial Officer|
ENDURANCE INTERNATIONAL GROUP ANNOUNCES SUCCESSFUL
REPRICING OF $1,580 MILLION SENIOR SECURED TERM LOAN
BURLINGTON, MA (June 15, 2018) 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 pricing of its $1,580 million first-lien term loan due February 2023 (the Repricing Term Loan). The Company successfully priced the Repricing Term Loan at an interest rate of LIBOR + 3.75%.
The proceeds of the Repricing Term Loan will be used to repay the Companys $1,580 million existing term loan. As part of the transaction, the Company also extended the maturity of a majority of its revolving credit facility to June 2023 (subject to a springing maturity date in November 2022 if the Repricing Term Loan has not been repaid or extended).
The closing of the Repricing Term Loan is subject to customary documentation and other customary conditions precedent.
Affiliates of Credit Suisse, Goldman Sachs and Morgan Stanley are acting as joint lead arrangers and bookrunners for the Repricing Term Loan, and affiliates of Jefferies Finance and SG America Securities are acting as joint bookrunners for the Repricing Term Loan.
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 potential repricing transaction These forward-looking statements include, but are not limited to, views about our 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, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that these plans, intentions, expectations, strategies or prospects 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 Endurances filings with the U.S. Securities and Exchange Commission (the SEC), including the Risk Factors section of Endurances most recent Quarterly Report on Form 10-Q for the period ended March 31, 2018 filed with the SEC on May 4, 2018 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.
About Endurance International Group
Endurance International Group Holdings, Inc. (NASDAQ:EIGI) (em)Powers millions of small businesses worldwide with products and technology to enhance their online web presence, email marketing, mobile business solutions, and more. The Endurance family of brands includes: Constant Contact, Bluehost, HostGator, Domain.com and SiteBuilder, among others. Headquartered in Burlington, Massachusetts, Endurance employs over 3,500 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.
Endurance International Group
Endurance International Group