TEMPE,
Ariz., Dec. 16, 2024 /PRNewswire/ -- GoDaddy Inc.
(NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD
Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together,
the "Borrowers") closed the previously announced credit agreement
refinancing. In connection with the closing, the Borrowers entered
into a Twelfth Amendment (the "Twelfth Amendment") to the Second
Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated,
supplemented or otherwise modified, refinanced or replaced from
time to time, the "Credit Agreement"), by and among the Borrowers,
Desert Newco, LLC, Royal Bank of Canada as the Administrative Agent, the
Collateral Agent, the Swingline Lender and a Letter of Credit
Issuer, and the other parties thereto. Capitalized terms used, but
not defined in this news release are as defined in the Credit
Agreement as amended by the Twelfth Amendment, which will be filed
with the Securities and Exchange Commission.
The Twelfth Amendment provides for a new $1,463 million tranche of term loans maturing in
2029 (the "Replacement Term Loans"), the proceeds of which were
used to refinance all outstanding Existing Tranche B-6 Term Loans.
The amortization rate for the Replacement Term Loans is 1.00% per
annum and the first installment shall be payable on or about
December 31, 2024. Pursuant to the
Twelfth Amendment, the Applicable Margin is (i) 1.75% for the
Replacement Term Loans that are SOFR Loans and (ii) 0.75% for the
Replacement Term Loans that are ABR Loans.
About GoDaddy
GoDaddy helps millions of entrepreneurs globally start and scale
their businesses. People come to GoDaddy to name their idea, build
a website and logo, sell their products and services, and accept
payments. GoDaddy Airo™, the company's AI-powered experience, makes
growing a small business faster and easier by helping them to get
their idea online in minutes, drive traffic and boost sales.
GoDaddy's expert guides are available 24/7 to provide assistance.
To learn more about the company, visit www.GoDaddy.com.
Source: GoDaddy Inc.
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SOURCE GoDaddy Inc.