S&P: No change to Endurance

Standard & Poor's said the issue and recovery ratings on Endurance International Group Inc.'s incremental first-lien term loan and second-lien term loan remain unchanged after the company upsized its loans.

Endurance upsized its incremental first-lien term loan by $35 million to a total $135 million and upsized its second-lien term loan by $15 million to a total of $140 million. This brings the total first- and second-lien term loan offering, excluding $75 million of unfunded revolving facility, to $810 million from $760 million. According to S&P, the increase has a modest impact on overall leverage.

S&P said it assigned a B issue rating with the recovery rating of 3 to the company's incremental first-lien term loan and a CCC+ issue rating with a recovery rating of 6 to its second-lien term loan on June 27 after the company announced its intention to acquire HostGator.

The B corporate credit rating and stable outlook remain unchanged.

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