TEMPE,
Ariz., Dec. 5, 2024 /PRNewswire/ -- GoDaddy
Inc. (NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD
Finance Co, LLC (together with Go Daddy Operating Company, LLC, the
"Borrowers") allocated a $1,463
million tranche (the "Replacement Term Loans") of term loans
maturing in 2029, the proceeds of which will be used to refinance
all outstanding Tranche B-6 Term Loans 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, 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 fourth 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 and scale
their businesses. People come to GoDaddy to name their idea, build
a website and logo, sell their products and services, and accept
payments. GoDaddy Airo™, the company's AI-powered experience, makes
growing a small business faster and easier by helping them to get
their idea online in minutes, drive traffic and boost sales.
GoDaddy's expert guides are available 24/7 to provide assistance.
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
(the "Company") 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. The Company 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.