Web.com Announces Cash Repayment of its 1% Senior Convertible Notes Due August 15, 2018
August 15 2018 - 3:15PM
Web.com Group, Inc. (Nasdaq: WEB), a leading provider of Internet
services and online marketing solutions for small businesses, today
announced it has repaid in full its 1% Senior Convertible Notes,
which matured today. The repayment of all outstanding
principal and interest amounted to approximately $260 million,
which the Company funded with a combination of cash on hand and
borrowing under its revolving credit facility.
About Web.comSince 1997 Web.com
(Nasdaq: WEB) has been the marketing partner for businesses wanting
to connect with more customers and grow. We listen, then apply our
expertise to deliver solutions that owners need to market and
manage their businesses, from building brands online to reaching
more customers or growing relationships with existing customers.
For some, this means a fast, reliable, attractive website; for
others, it means customized marketing plans that deliver local
leads; and for others, it means customer-scheduling or
customer-relationship marketing (CRM) tools that help businesses
run more efficiently. Owners from big to small can focus on running
the companies they know while we handle the marketing they need. To
learn how this global company collaborates with customers and
employees to achieve their potential, explore www.web.com or
follow on Twitter at @webdotcom or on Facebook at
www.facebook.com/web.com.
Note to Editors: Web.com is a registered
trademark of Web.com Group, Inc.
Contacts
Investors:Ira
Berger904-680-6909Ira.Berger@web.com
Media:Brian
Wright904-371-6856Brian.Wright@web.com
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