secwatch.observer — SEC 8-K summary
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Issuer:     GoDaddy Inc. (GDDY)
CIK:        0001609711
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001609711-22-000141
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoDaddy closes $1.77B term loan refinancing and upsizes revolver to $1B
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- New $1,770M Replacement Term Loans due 2029 refinance all outstanding Tranche B-2 Term Loans.
- Revolving credit facility increased to $1,000M (from $600M), maturing 2027.
- Initial SOFR margins: 3.25% for term loans, 1.50% for revolver loans; ABR margins 2.25% and 0.50%.
- Compliance period threshold for first lien secured leverage ratio raised from 20% to 40% revolver utilization.
- Amortization on Replacement Term Loans at 1.00% per annum, first payment due March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609711/000160971122000141/0001609711-22-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609711/000160971122000141/gddy-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001609711-22-000141

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