GoDaddy Inc. announced on December 5, 2024, that its subsidiaries, Go Daddy Operating Company, LLC and GD Finance Co, LLC, allocated a new $1,463 million tranche of term loans. These new loans are set to mature in 2029.
The proceeds from this new tranche will be utilized to refinance all outstanding Tranche B-6 Term Loans under the existing Second Amended and Restated Credit Agreement. This strategic financial maneuver aims to optimize the company's debt profile.
The transactions are subject to customary closing conditions and were anticipated to close within the fourth quarter of 2024. This refinancing demonstrates GoDaddy's active management of its capital structure.
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