Release Dates: Immediate
Ed Hansen, MindSpring Enterprises, Inc.

MindSpring Announces Completion of Public Offerings of Common Stock and Convertible Subordinated Notes

ATLANTA, Georgia (April 14, 1999) - MindSpring Enterprises, Inc. (Nasdaq: MSPG) announced today that it has completed concurrent public offerings of 2,760,000 shares of its Common Stock, and $179,975,000 aggregate principal amount of its 5% Convertible Subordinated Notes due 2006. Both the Common Stock offering and the Notes offering were managed by Goldman, Sachs & Co., ING Baring Furman Selz LLC, J.C. Bradford & Co., Donaldson, Lufkin & Jenrette Securities Corporation, First Union Capital Markets Corp., and Jefferies & Company, Inc.

The offerings were done under the Company's universal shelf Registration Statement filed with the Securities and Exchange Commission for the public offering from time to time of up to $800 million of debt and equity securities. The specific terms of other securities that may be issued under the universal shelf Registration Statement will be determined at the time of each issuance.

MindSpring is a leading Internet service provider focused on delivering outstanding service and support to its customers. MindSpring's dial-up subscribers can browse the World Wide Web, send electronic mail, participate in informative on-line chats and access over 20,000 newsgroups. MindSpring offers local Internet service in more than 745 locations throughout the United States. MindSpring is also a leading provider of Web hosting services and offers other value-added services such as Web page design and domain registrations.

Back to the Press Release Page

For information and support, send email to MindSpring

1999 MindSpring Enterprises, Inc.