GoDaddy Inc. Announces Refinancing of Tranche B-6 Loans

Core Viewpoint - GoDaddy Inc. announced a $1,463 million tranche of term loans to refinance existing debt, with a maturity date set for 2029 [1]. Group 1: Financial Transactions - The proceeds from the new term loans will be used to refinance all outstanding Tranche B-6 Term Loans under the existing Credit Agreement dated February 15, 2017 [1]. - The refinancing transaction is expected to close in the fourth quarter of 2024, although there is no guarantee of successful completion [2]. Group 2: Company Overview - GoDaddy assists millions of entrepreneurs worldwide in starting and scaling their businesses, offering services such as website creation, logo design, and payment processing [3]. - The company features an AI-powered experience, GoDaddy Airo™, aimed at helping small businesses grow more efficiently [3].