Web.com Will Enter Revolving Credit Facility of $70M

Web.com Group, Inc. WWWW (the "Company"), a leading provider of internet services and online marketing solutions for small businesses, today announced it has increased its first lien credit facility at an improved interest rate, and used the proceeds from the increase to retire its more expensive second lien term loan. Subject to fulfillment of customary closing conditions, the Company expects to enter into a revised first lien credit facility, which will include a term loan of $660 million at an interest rate of LIBOR plus 3.50%, with a LIBOR floor of 1.00%, as well as a revolving credit facility of $70 million at an interest rate of LIBOR plus 3.25% with no LIBOR floor.