Endurance in Refinancing Transaction

November 25, 2013

Cleary Gottlieb acted as counsel for the Endurance International Group, a portfolio company of Warburg Pincus, in a refinancing and upsizing of its existing first-lien credit facilities. The financing was provided by a syndicate of banks with Credit Suisse as agent, and consisted of a $1,050 million senior secured first-lien term loan facility and a $125 million senior secured revolving credit facility. The proceeds of the additional term loans were used to repay the existing second-lien credit facility in full. The transaction closed November 25.

Endurance is a leading provider of cloud-based solutions designed to help small- and medium-sized businesses, establish, manage and grow their businesses. Endurance serves approximately 3.4 million subscribers globally with a comprehensive and integrated suite of over 150 products and services that includes initial website design and creation, email and commerce solutions as well as more advanced offerings such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions.