GoDaddy (GDDY) said late Monday its subsidiaries, Go Daddy Operating and GD Finance, closed a credit agreement refinancing.
The proceeds from the new tranche of term loans of more than $1.46 billion, maturing in 2029, were used to refinance all outstanding debt under the so-called Existing Tranche B-6 Term Loans.
The amortization rate for the replacement term loans is 1% per annum, the company said.
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