Web.com Group, a provider of Internet services and online marketing solutions for small businesses, completed the acquisition of 100% of the outstanding shares of Yodle, a digital marketing company, in an all cash transaction.

In connection with the acquisition, Web.com entered into an amended five-year senior secured credit facility comprised of a $390 million term loan and a $150 million revolving credit facility priced at LIBOR plus 300 basis points with step downs upon deleveraging. Borrowings of $200 million from the term loan and $110 million from the revolver were used to pay Yodle shareholders $300 million and cover approximately $10 million of deal related costs at closing. An additional $20 million will be paid at the first anniversary of the closing date, and $22 million will be paid at the second anniversary of the closing date.

According to a related 8-K filing, JPMorgan Chase served as administrative agent for the lender group with regard to both the term loan and the revolver.

“We are excited to have Yodle join the Web.com family. Yodle has a strong track record of developing and selling innovative internet based marketing solutions that help small businesses drive new business and retain existing customers. I expect great things from combining the talent and products of Yodle and Web.com.” said David L. Brown, chairman, CEO and president of Web.com.