GoDaddy Upsizes Revolving Credit Facility to $1.2 Billion and Extends Maturity

Go Daddy Operating Company, LLC and GD Finance Co, LLC entered into an amendment with Royal Bank of Canada and participating lenders that replaced their existing $1.0 billion revolving credit facility with a $1.2 billion facility. The new facility matures July 31, 2031, carries applicable margins of 1.25% to 1.75% for benchmark-rate loans and 0.25% to 0.75% for U.S. dollar base-rate loans, and retains a first-lien net leverage covenant of no more than 5.75:1.00 when utilization reaches at least 40%; the filing does not disclose current borrowings or a specific shareholder impact.