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: email@example.com; 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV