Item 8.01 Other Events
Credit Agreement Refinancing
On October 21, 2022, GoDaddy Inc. announced that Go Daddy Operating Company, LLC
and GD Finance Co, Inc. (together with Go Daddy Operating Company, LLC, the
"Borrowers") allocated (i) a $1,770 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-2 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, by
and among the Borrowers, Desert Newco, LLC, the lenders and other entities
thereto, and (ii) $1,000 million 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 term described above, or at all.
The foregoing is qualified by reference to the press release that is attached as
Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Exhibit Description
99.1 Press release of GoDaddy Inc., dated October 21, 2022
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