GoTo Group, Inc. Announces Closing of Exchange Offer for 5.50% Senior Secured Notes Due 2027

GoTo Group, Inc. ("GoTo" or the "Company"), the leading brand in making IT management, support, and business communications easy, today announced that it has closed its previously announced offer to exchange (the "Exchange Offer") its outstanding 5.50% Senior Secured Notes due 2027 (the "Existing Notes") for new 5.50% First Lien First Out Senior Secured Notes due 2028 and new 5.50% First Lien Second Out Senior Secured Notes due 2028 (collectively, the "New Notes"). The Exchange Offer expired at 5:00 p.m., New York City time, on March 5, 2024 (the "Expiration Time").

As of the Expiration Time, $410,475,000 in aggregate principal amount of the Existing Notes has been tendered in the Exchange Offer, which represents approximately 99.54% of the Existing Notes. No additional Existing Notes were tendered after the early tender date on February 16, 2024. For additional details on the Exchange Offer, including the consideration received by participating holders, please refer to the Company's press release issued on February 20, 2024.

The expiration of the Exchange Offer marks the successful completion of a series of transactions previously announced by the Company. As a result of the transactions, 100% of the Company's existing term loan lenders participated in the debt exchange and 100% of the revolving lenders agreed to extend the maturity on the $250 million revolving credit facility for over two years, further strengthening the Company's liquidity position. Additionally, combined with the private exchange offer that closed on February 5, 2024, 99.80% of holders of Existing Notes tendered their notes for New Notes.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Exchange Offer was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, has not been registered with the Securities and Exchange Commission and relies on exemptions under state securities laws.

About GoTo

GoTo makes IT and business communications easy, so its customers can do what matters most. Featuring flagship products GoTo Resolve, GoTo Connect, and LogMeIn Rescue, the GoTo portfolio helps securely support and connect businesses to what's most important: their teams and customers. For over 20 years, the company has been dedicated to robust security, including zero trust authentication, and powers more than 1 billion remote support sessions and 1 million customers with easy-to-use, built-for-IT solutions that save businesses time and money. With over $1 billion in annual revenue, the remote-centric company is headquartered in Boston, Massachusetts, with more than 3,000 GoGetters across North America, South America, Europe, Asia, and Australia.

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements do not relay historical facts, but rather reflect our current expectations concerning future operations, results and events. All statements other than statements of historical fact, including statements regarding the debt exchange offers, are "forward-looking statements." You can identify some of these forward-looking statements by our use of words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "likely," "may," "estimates" and similar expressions. You can also identify a forward-looking statement in that such statements discuss matters in a way that anticipates operations, results or events that have not already occurred but rather will or may occur in future periods. We cannot guarantee that we will achieve any forward-looking plans, intentions, results, operations or expectations. Because these statements apply to future events, they are subject to risks and uncertainties, some of which are beyond our control and could cause actual results to differ materially from those forecasted or anticipated in the forward-looking statements. These risks, as well as other risks and uncertainties, include those detailed in the section "Risk Factors" included in the Exchange Offer Memorandum and in the Quarterly Report for the quarterly period ended September 30, 2023, of LMI Parent, L.P., the indirect parent company of GoTo. You should not place undue reliance on these forward-looking statements, which reflect our views as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.