GoDaddy amends credit agreement to replace LIBOR with Term SOFR for Tranche B-4 loans

GoDaddy Inc.

Seventh Amendment to Second Amended and Restated Credit Agreement, effective May 5, 2023.
Replaces LIBOR with Term SOFR for Tranche B-4 Term Loans starting July 1, 2023.
Credit spread adjustments: 0.11448% (1-month), 0.26161% (3-month), 0.42826% (6-month).
Borrowers: Go Daddy Operating Company, LLC and GD Finance Co, LLC (subsidiaries of GoDaddy).
Administrative Agent is Royal Bank of Canada; all other terms unchanged.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GoDaddy Inc. amended Seventh Amendment with Royal Bank of Canada (effective 2023-05-05).

Action: amendment
Agreement: credit facility
Counterparty: Royal Bank of Canada
Effective: 2023-05-05

Exact text from the filing

On May 5, 2023, Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a direct or indirect subsidiary of GoDaddy Inc. and together, the “Borrowers”) entered into a Seventh Amendment (the “Seventh Amendment”) in respect of the Second Amended and Restated Credit Agreement dated as of February 15, 2017

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GoDaddy Inc. filing history →

Source: SEC EDGAR

accession 0001609711-23-000092

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