Web.com Announces Offering of $225.0 Million of Senior Convertible Notes
JACKSONVILLE, Fla., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Web.com Group, Inc. (Nasdaq:WWWW), a leading provider of internet services and online marketing solutions for small businesses, announced today an offering of $225.0 million aggregate principal amount of senior convertible notes due 2018. Web.com also is granting the underwriters a 30-day option to purchase up to $33.75 million aggregate principal amount of additional notes to cover over-allotments.
Web.com intends to use the net proceeds from the offering for repayment of indebtedness.
When issued, the notes will be senior unsecured obligations of Web.com and will pay interest semi-annually.
Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering.
The notes will be offered and sold only under Web.com's shelf registration statement filed with the Securities and Exchange Commission (SEC) on August 8, 2013. Before you invest, you should read the preliminary prospectus supplement, the accompanying prospectus in the registration statement and the other documents Web.com has filed or will file with the SEC for more complete information about Web.com and the offering. You may get these documents for free by visiting EDGAR on the SEC's website at http://www.sec.gov. Alternatively, copies may be obtained from Wells Fargo Securities, LLC, Attn: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, 800-326-5897, or email: firstname.lastname@example.org; or Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email at prospectus.CPDG@db.com or by phone at (800) 503-4611.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor will there be any sale of notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Web.com Group, Inc. (Nasdaq:WWWW) provides a full range of Internet services to small businesses to help them compete and succeed online. Web.com is a global domain registrar and further meets the needs of small businesses anywhere along their lifecycle with affordable, subscription-based solutions including website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products, eCommerce solutions and call center services.
Note to Editors: Web.com is a registered trademark of Web.com Group, Inc.
This press release includes certain "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the terms of the offering and the notes, the current market demand for these types of securities and the securities of Web.com, and the use of proceeds from the offering, that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this presentation that are not historical facts. These statements are sometimes identified by words such as "intends," "will," "expect" or words of similar meaning. As a result of the ultimate outcome of such risks and uncertainties, Web.com's actual results could differ materially from those anticipated in these forward-looking statements. These statements are based on Web.com's current beliefs or expectations, and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including, without limitation, risks related to the successful offering of the products and services of Web.com; and other risks that may impact Web.com's business. Other risk factors are set forth under the caption "Risk Factors" in the preliminary prospectus supplement related to this offering, Web.com's Annual Report on Form 10-K for the year ended December 31, 2012 and Form 10-Q for the quarter ended June 30, 2013, and other Web.com filings, as filed with the Securities and Exchange Commission, which are available on a website maintained by the Securities and Exchange Commission at www.sec.gov. Web.com expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein as a result of new information, future events or otherwise.
CONTACT: Investors: Jenny Kobin 904-680-6909 email@example.com Media: John Herbkersman 904-251-6297 firstname.lastname@example.org