Web.com Group, Inc. -- Moody's affirms Web.com's B1 CFR; outlook changed to positive

New York, August 15, 2013 -- Moody's Investors Service affirmed Web.com's B1 corporate family rating (CFR) and revised the company's probability of default rating to B1-PD, from B2-PD, and the rating for its first lien credit facilities to Ba3, from B1. The ratings changes were prompted by Web.com's plan to use approximately $251 million of net proceeds from the new senior convertible notes offering to repay a portion of outstanding loans under the first lien bank facilities to reduce interest expense and increase financial flexibility. Moody's also changed Web.com's ratings outlook to positive from stable reflecting the ratings agency's expectations for Web.com's strong free cash flow generation relative to debt and continued deleveraging.

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