debt
confidence high
sentiment neutral
materiality 0.60
GoDaddy completes $1B term loan refinancing, extends maturity to 2031
GoDaddy Inc.
- New $1,000 million tranche of Replacement Term Loans maturing in 2031.
- Proceeds used to refinance all outstanding Existing Tranche B-4 and Repaid Tranche B-6 Term Loans.
- Amortization rate of 1.00% per annum; first installment due September 30, 2024.
- Applicable margin: 1.75% for SOFR Loans, 0.75% for ABR Loans.
- Eleventh Amendment to the 2017 Credit Agreement entered May 31, 2024.