July 23, 2017 11:20 AM ET

Internet Software and Services

Company Overview of Endurance International Group Holdings, Inc.

Company Overview

Endurance International Group Holdings, Inc., together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers’ Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their onl...

10 Corporate Drive

Suite 300

Burlington, MA 01803

United States

Founded in 1997

4,005 Employees

Phone:

781-852-3200

Key Executives for Endurance International Group Holdings, Inc.

Founder, Chief Executive Officer and Director
Age: 41
Total Annual Compensation: $200.0K
Chief Financial Officer and Interim Chief Operating Officer
Age: 55
Total Annual Compensation: $879.0K
Chief Legal Officer and Secretary
Age: 64
Total Annual Compensation: $300.0K
Chief Administrative Officer
Age: 52
Total Annual Compensation: $465.5K
Compensation as of Fiscal Year 2016.

Endurance International Group Holdings, Inc. Key Developments

Endurance International Group Appoints Michael W. Lillie as Chief Information Officer

Endurance International Group announced the appointment of Michael W. Lillie as the company's new Chief Information Officer (CIO). Mr. Lillie brings over 23 years of information technology and leadership experience to Endurance, where he will be responsible for developing and supporting internal applications and technologies that run the global enterprise. Reporting to Marc Montagner, chief financial officer and interim chief operating officer, he will lead a team that oversees Endurance's systems and technology and aligns them with key business initiatives across the company as Endurance evolves to better serve its customers. He most recently was Vice President of Information Technology for Nuance Communications, Inc.

Endurance International Group Prices $1,697 Million Senior Secured Refinancing Term Loans

Endurance International Group Holdings, Inc. announced the pricing of its $1,697 million refinancing first-lien term loans due February 2023. The company successfully priced the refinancing term loans at an interest rate of LIBOR + 400, which priced 148 basis points lower than the current pricing of the company’s existing term loans due November 2019 and 100 basis points lower than the current pricing of the company’s incremental term loans due February 2023. Endurance expects to reduce its cash interest expense by approximately $22 million on an annual basis as a result of this refinancing. The proceeds of the Refinancing Term Loans will be used to repay the $716.625 million 2019 term loans outstanding and the $980.625 million 2023 Term Loans outstanding. The refinancing term loans will be subject to the same maximum senior secured net leverage covenant as the 2019 term loans and the 2023 term loans. The refinancing term loans will mature on February 9, 2023, extending the maturity of the 2019 term loans. The closing of the refinancing transaction and the borrowing of the refinancing term loans in connection therewith are 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 book runners for the Refinancing Term Loans and affiliates of Jefferies and Societe Generale CIB are acting as joint book runners for the Refinancing Term Loans.

Endurance International Group Announces Potential Refinancing of its Senior Secured Term Loans

Endurance International Group Holdings, Inc. announced a potential refinancing of its senior secured term loans to reduce interest expense and extend the maturity of the term loans that currently mature in November 2019. The consummation of the potential refinancing is subject to completion of definitive agreements as well as market and other conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms or conditions of the refinancing.

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