GoDaddy Plans $1.752 Billion Debt Refinancing by 2024

Summary

  • Tempe, Arizona based firm, GoDaddy Inc. (NYSE: NYSE:) has assigned a $1.752 billion term loan to mature in 2029 with a goal to refinance existing debt.
  • GoDaddy’s refinancing step – Term Loan Refinancing involves Go Daddy Operating Company, LLC and GD Finance Co, LLC.
  • The successful execution of the Term Loan Refinancing will depend upon the fulfillment of certain conditions.
  • GoDaddy provides a range of services to entrepreneurs globally, including domain registration, website creation, online marketing, and payment solutions.

GoDaddy’s Financial Strategy

GoDaddy Inc., listed as a New York Stock Exchange company (NYSE: NYSE:), is marshaling a $1.752 billion term loan. This loan will reach maturity in 2029 and aims to refinance the existing debt. The Replacement Term Loans, as identified by the company, will repay all outstanding Tranche B-5 Term Loans attached to the 2017 Credit Agreement. This financial tactic’s realization is projected within the first quarter of 2024.

Details of the Refinancing Initiative

The refinancing scheme, officially tagged as the Term Loan Refinancing, engages Go Daddy Operating Company, LLC and GD Finance Co, LLC. This group is commonly known as the Borrowers. The culmination of the Term Loan Refinancing pivots around specific conditions, with GoDaddy implying that the transaction’s certainty could vary from the described course or not materialize at all.

GoDaddy’s Core Services

Famed for supporting global entrepreneurs, the company offers services covering domain registration, website creation, online marketing, and payment solutions. Aspiring to assist microbusiness owners, GoDaddy’s tools are designed to unify business management on a single platform. It provides regular and expert support to its users.

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The financial strategies and decisions of influential tech-industry players like GoDaddy Inc. can have significant impacts on forex or trading landscapes. The assets implicated in this scenario are primarily linked to GoDaddy’s stocks.

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