Newfold Digital Holdings Group $515 million senior secured notes offering
The high-yield notes are due 2028
Davis Polk advised the initial purchasers on a Rule 144A / Regulation S offering by Newfold Digital Holdings Group, Inc. of $515 million aggregate principal amount of its 11.750% senior secured notes due 2028. The notes are guaranteed by certain of Newfold’s subsidiaries.
Newfold, which is controlled by certain funds managed by Clearlake Capital Group, L.P. and certain funds managed by Siris Capital Group, is a leading global provider of web presence solutions, formed in 2021 through the combination of Web.com and Endurance International Group’s Web Presence division. Newfold provides a comprehensive suite of mission-critical solutions including web hosting, domain registration, website building, productivity and security, and e-commerce tools.
The Davis Polk capital markets team included partner Hillary A. Coleman and associates Jakub P. Jozwiak, Benjamin Guillon and Shukra Sabnis. The finance team included partner Sanders Witkow and associate Jaynie Doe. The intellectual property team included partner Pritesh P. Shah and associates Adrian Rabin and Gennie A. Gorbonosov. Partner Michael Farber provided tax advice. Members of the Davis Polk team are based in the New York office.