GoDaddy Inc. Completes Refinancing of Existing Amendment No. 6 Term Loans
Retrieved on:
Wednesday, July 19, 2023
Royal Bank of Canada, Letter, Eighth Amendment to the Constitution of Pakistan, Applicable margin reset, Credit agreements in South Africa, Eighth Amendment, SOFR, Eighth, Ninety-second Amendment of the Constitution of India, Securities and Exchange Commission (Philippines), NYSE, Term loan, Security (finance), GoDaddy, The Borrowers, Credit, News
The Eighth Amendment provides for a new $1,761 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Amendment No.
Key Points:
- The Eighth Amendment provides for a new $1,761 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Amendment No.
- 6 Term Loans.
- The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall be payable on or about September 30, 2023.
- Pursuant to the Eighth Amendment, the Applicable Margin is (i) 2.50% for the Replacement Term Loans that are SOFR Loans and (ii) 1.50% for the Replacement Term Loans that are ABR Loans.