debt
confidence high
sentiment neutral
materiality 0.60
GoDaddy refinances $1.77B term loans and upsizes revolver to $1B
GoDaddy Inc.
- New $1,770M Replacement Term Loans mature in 2029; proceeds refinance existing Tranche B-2 Term Loans.
- New $1,000M revolving credit facility matures in 2027, replacing existing $600M revolver.
- Refinancing subject to customary closing conditions; expected to close in Q4 2022.
- Borrowers: Go Daddy Operating Company, LLC and GD Finance Co, Inc.