TEMPE,
Ariz., May 21, 2024 /PRNewswire/ -- GoDaddy
Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC
and GD Finance Co, LLC (together with Go Daddy Operating Company,
LLC, the "Borrowers") allocated a $1,000
million tranche (the "Replacement Term Loans") of term loans
maturing in 2031, and in connection therewith, the Borrowers intend
to refinance and extend the maturity date of all outstanding
Tranche B-4 Loans and up to $278
million of outstanding Tranche B-6 Term Loans, in each case,
under the Second Amended and Restated Credit Agreement, dated as of
February 15, 2017 (as amended,
restated, supplemented or otherwise modified, refinanced or
replaced from time to time, the "Credit Agreement"), by and among
the Borrowers, Desert Newco, LLC, the lenders and the other parties
thereto (such refinancing and extensions, the "Term Loan
Refinancing"). Capitalized terms used herein, but not otherwise
defined herein are as defined in the Credit Agreement.
The foregoing transactions are subject to conditions and are
anticipated to close in the second quarter of 2024. 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.
About GoDaddy
GoDaddy helps millions of entrepreneurs globally start, grow,
and scale their businesses. People come to GoDaddy to name their
idea, build a professional website, attract customers, sell their
products and services, and accept payments online and in-person.
GoDaddy's easy-to-use tools help microbusiness owners manage
everything in one place, and its expert guides are available to
provide assistance 24/7. To learn more about the company, visit
www.GoDaddy.com.
Forward-looking Statements
This news release may contain forward-looking statements,
including, but not limited to, our financing plans and the details
thereof, including the proposed use of proceeds therefrom, the
expected timing of the Term Loan Refinancing with the Replacement
Term Loans and the ability to close such transaction.
Forward-looking statements may generally be identified by the use
of the words "anticipates," "expects," "predicts," "goals,"
"intends," "plans," "should," "could," "would," "may," "will,"
"believes," "estimates," "potential," "target," "commit,"
"forecast," "tracking," or "continue" and variations or similar
expressions, and phrases or statements that certain actions, events
or results may, could, should or will be achieved, received or
taken or will occur or result, and similar such expressions also
identify forward-looking information. These forward-looking
statements are based upon the current expectations and beliefs of
management and are provided for the purpose of providing additional
information about such expectations and beliefs and readers are
cautioned that these statements may not be appropriate for other
purposes. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results and events
to differ materially from those described in these forward-looking
statements. These risks and uncertainties include, but are not
limited to, the risks and uncertainties discussed in GoDaddy Inc.'s
most recent annual and quarterly reports and detailed from time to
time in the Company's other filings with the U.S. Securities and
Exchange Commission, which risks and uncertainties are incorporated
herein by reference.
Readers are cautioned not to place undue reliance on any of
these forward-looking statements. These forward-looking statements
speak only as of the date hereof. GoDaddy Inc. undertakes no
obligation to update any of these forward-looking statements to
reflect events or circumstances after the date of this news release
or to reflect actual outcomes, unless required by law.
Source: GoDaddy Inc.
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SOURCE GoDaddy Inc.