GoDaddy, Go Daddy Operating Company and GD Finance allocated a $1.77 billion tranche of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding tranche B-2 term loans under the second amended and restated credit agreement, dated as of Feb. 15, 2017, as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, by and among the borrowers, Desert Newco, the lenders and the other parties thereto, and $1 billion in revolving commitments under a new revolving credit facility maturing in 2027, which will replace the borrowers’ existing revolving commitments of $600 million.
The foregoing transactions are subject to customary closing conditions and are anticipated to close in the fourth quarter of 2022. However, there can be no assurance that the borrowers will be able to successfully complete the transactions, on the terms described above, or at all.
