TEMPE, Ariz. – GoDaddy Inc. (NYSE: NYSE:GDDY) has allocated a $1.752 billion term loan set to mature in 2029, aimed at refinancing existing debt. The company detailed plans for the Replacement Term Loans to refinance all outstanding Tranche B-5 Term Loans under its 2017 Credit Agreement. This financial maneuver is expected to be completed within the first quarter of 2024.
The refinancing initiative, officially known as the Term Loan Refinancing, involves Go Daddy Operating Company, LLC and GD Finance Co, LLC, collectively referred to as the Borrowers. The Term Loan Refinancing is contingent on certain conditions and, while anticipated to close soon, GoDaddy indicates that there is no certainty that the transaction will be finalized as described or at all.
GoDaddy, a company renowned for supporting entrepreneurs globally, offers a suite of services including domain registration, website creation, online marketing, and payment solutions. The company's tools are designed to help microbusiness owners consolidate their business management in one platform, with around-the-clock expert support.
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