Go Daddy launches $1.84 billion term loan B at Libor plus 175 bps

By Sara Rosenberg

New York, Sept. 23 – Go Daddy Operating Co. LLC held a lender call at 2 p.m. ET on Monday to launch a $1,844,900,000 first-lien term loan B due Feb. 15, 2024 that is talked at Libor plus 175 basis points with a 0% Libor floor and an original issue discount of 99.875 to par, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

Barclays is the bookrunner on the deal.

Commitments are due at 5 p.m. ET on Friday, the source added.

Proceeds will be used to reprice an existing first-lien term loan B.

Go Daddy is Scottsdale, Ariz.-based provider of web hosting and domain names.

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