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Tempe, Arizona, October 21, 2022 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) today has been assigned to Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the “Borrower”) (i) $1.77 billion Term loan tranches maturing in 2029 (“replacement term loans”). February 15, 2017(ii) amended, restated, supplemented, or otherwise modified, refinanced or replaced by and between Borrowers, Desert Newco, LLC, Lenders, and other parties; and (ii ) billion dollars The revolving commitment under the new Revolving Credit Facility, which matures in 2027, replaces the borrower’s existing revolving commitment. $600 million (Such refinancing, “credit agreement refinancing”).
The aforementioned transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2022. However, there is no guarantee that the borrower will be able to successfully complete the transaction on the above terms.
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and scale their businesses. People come to GoDaddy to name ideas, build professional websites, engage customers, sell products and services, and receive payments online and in person. GoDaddy’s easy-to-use tools help the micro-business owner manage everything in her one place, and its expert guides provide his 24/7 support. For more information about the company, please visit www.GoDaddy.com.
Forward-Looking Statements
This news release may contain forward-looking statements. This includes our funding plan and proposed use of the proceeds generated therefrom, the anticipated timing of refinancing credit agreements (including alternative term loans) and our ability to complete such transactions. Forward-looking statements generally refer to “expects,” “expects,” “anticipates,” “goals,” “intends,” “plans,” “should,” “could,” , and may be identified by the use of the words “would”. “may”, “will”, “believe”, “estimate”, “could”, “target”, “commit”, “predict”, “track”, or “to continue,” and variations or similar expressions, and phrases or statements in which a particular action, event, or result may, could, should be, or be achieved; Words that will occur, occur or result, and similar such expressions also identify forward-looking information. These forward-looking statements are based on management’s current expectations and beliefs and are provided for the purpose of providing additional information regarding such expectations and beliefs, and the reader may not use these statements for any other purpose. These forward-looking statements may cause actual results or events to differ materially from those set forth in these forward-looking statements. Subject to certain risks and uncertainties. These risks and uncertainties include the risks and uncertainties discussed in the most recent annual and quarterly reports of GoDaddy Inc. (the “Company”) and detailed from time to time in the Company’s other filings with U.S. securities firms. including, but not limited to, uncertainties. These risks and uncertainties are incorporated herein by reference. These also include, but are not limited to, risks and uncertainties caused by or related to the evolving COVID-19 pandemic.
Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof. We undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual results, except as required by law. shall not be liable for
Source: GoDaddy Inc.
Source GoDaddy Inc.
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