GoDaddy said Go Daddy Operating Company, LLC and GD Finance Co, LLC allocated a $1,752 million tranche of 2029 maturing replacement term loans (the "Replacement Term Loans") in a announcement on January 10, 2024.

8-KOther EventsFiled Jan 11, 2024Period of report Jan 10, 2024Summary published (UTC) Oct 31, 2026

Key points

AI summary

GoDaddy said Go Daddy Operating Company, LLC and GD Finance Co, LLC allocated a $1,752 million tranche of 2029 maturing replacement term loans (the "Replacement Term Loans") in a announcement on January 10, 2024.
The company said the proceeds of the Replacement Term Loans will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement dated as of February 15, 2017.
The company said the transaction is subject to conditions and is expected to close in Q1 2024. It added that there is no assurance the borrowers will be able to complete the transaction on the terms described, or at all.
The company disclosed that the parties to the credit agreement being refinanced are the Borrowers, Desert Newco, LLC, the lending institutions, and Royal Bank of Canada. Royal Bank of Canada will serve as Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1,752 million 2029 Maturity Replacement Term Loans Allocated

GoDaddy said Go Daddy Operating Company, LLC and GD Finance Co, LLC allocated a $1,752 million tranche of 2029 maturing replacement term loans (the "Replacement Term Loans") in a announcement on January 10, 2024.

Source · Based on the filing body and exhibits

Use of Proceeds: Full Refinancing of Tranche B-5 Term Loans

The company said the proceeds of the Replacement Term Loans will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement dated as of February 15, 2017.

Source · Based on the filing body and exhibits

Closing Timing and Uncertainty

The company said the transaction is subject to conditions and is expected to close in Q1 2024. It added that there is no assurance the borrowers will be able to complete the transaction on the terms described, or at all.

Source · Based on the filing body and exhibits

Credit Agreement Parties and Royal Bank of Canada's Role

The company disclosed that the parties to the credit agreement being refinanced are the Borrowers, Desert Newco, LLC, the lending institutions, and Royal Bank of Canada. Royal Bank of Canada will serve as Administrative Agent, Collateral Agent, Swingline Lender and Letter of Credit Issuer.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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