AI English summary of an SEC filing — figures as filed
GoDaddy GDDYThe company said that, in the Eleventh Amendment it entered into on May 31, 2024, it provided for a new $1,000 million tranche of Replacement Term Loans maturing in 2031.
Key points
AI summaryThe company said that, in the Eleventh Amendment it entered into on May 31, 2024, it provided for a new $1,000 million tranche of Replacement Term Loans maturing in 2031.
The company said the proceeds of the Replacement Term Loans were used to refinance and extend the maturity of all outstanding Existing Tranche B-4 Term Loans and all Repaid Tranche B-6 Term Loans.
The company said the amortization rate for the Replacement Term Loans is 1.00% per annum, with the first installment payable on or about September 30, 2024.
Under the Eleventh Amendment, the company said the Applicable Margin is 1.75% for Replacement Term Loans that are SOFR Loans and 0.75% for those that are ABR Loans.
Summary
AI-writtenAnalysis 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.
$1,000 million Replacement Term Loans Maturing in 2031
The company said that, in the Eleventh Amendment it entered into on May 31, 2024, it provided for a new $1,000 million tranche of Replacement Term Loans maturing in 2031.
Source · Based on the filing body and exhibits
Refinancing and Extension of Existing Tranche B-4 and B-6 Term Loans
The company said the proceeds of the Replacement Term Loans were used to refinance and extend the maturity of all outstanding Existing Tranche B-4 Term Loans and all Repaid Tranche B-6 Term Loans.
Source · Based on the filing body and exhibits
1.00% Annual Amortization Rate and First Payment Date
The company said the amortization rate for the Replacement Term Loans is 1.00% per annum, with the first installment payable on or about September 30, 2024.
Source · Based on the filing body and exhibits
Applicable Margin of 1.75% for SOFR Loans and 0.75% for ABR Loans
Under the Eleventh Amendment, the company said the Applicable Margin is 1.75% for Replacement Term Loans that are SOFR Loans and 0.75% for those that are ABR Loans.
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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