HSBC, JPMorgan and Societe Generale joined a $1.85 billion-equivalent loan financing to support GoDaddy’s acquisition of peer Host Europe Group, Reuters reported.
According to a related 8-K filing, on December 5, 2016, GoDaddy entered into a commitment letter, an engagement letter and a joinder agreement to the existing credit agreement with Barclays Bank, Citigroup Global Markets, Deutsche Bank New York Branch, Deutsche Bank Securities and Royal Bank of Canada. Through the execution of the commitment letter and joinder agreement, the lenders committed to provide a term facility of up to €1.3 billion ($1.37 million), a revolving facility of up to $50 million and an asset sale bridge facility of up to €500 million ($5.26 million).
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