GoDaddy closes $1.463 billion term loan refinancing, maturing 2029
GoDaddy subsidiaries Go Daddy Operating Company and GD Finance Co entered a Twelfth Amendment to their credit agreement, providing a new $1,463 million term loan tranche maturing in 2029. Proceeds were used to refinance all outstanding Existing Tranche B-6 Term Loans. The filing does not report a change in total debt, and the new loans carry a Applicable Margin of 1.75% for SOFR loans and 0.75% for ABR loans.
- New $1,463 million term loan tranche maturing in 2029 replaces the Existing Tranche B-6 Term Loans
- Amortization rate of 1.00% per annum; first installment payable on or about December 31, 2024
- Applicable Margin of 1.75% for SOFR Loans and 0.75% for ABR Loans
- Royal Bank of Canada serves as Administrative Agent and Collateral Agent