GoDaddy upsizes revolving credit facility to $1.2 billion, extends maturity to 2031
GDDY•Credit facility amendment
GoDaddy Operating Co. entered a credit agreement amendment to upsize and extend its revolving credit facility.
- New revolving credit facility set at $1.2 billion, refinancing and replacing the prior $1 billion revolver.
- Maturity extended to July 31, 2031, with a springing maturity tied to near-term maturities above $500 million.
- Pricing set at 1.25%-1.75% over term SOFR/EURIBOR/SONIA, or 0.25%-0.75% over base rate, based on first lien net leverage.
- Covenant requires first lien net leverage no higher than 5.75:1 when revolver utilization reaches at least 40%.
