GoDaddy firms $1.75 billion term loan B-5 at SOFR plus 200 bps

By Sara Rosenberg

New York, Jan. 10 – GoDaddy Inc. set pricing on its $1.752 billion term loan B-5 due November 2029 (Ba1/BB) at SOFR plus 200 basis points, the high end of the SOFR plus 175 bps to 200 bps talk, according to a market source.

The term loan still has a 0% floor, a par issue price and 101 soft call protection for six months.

RBC Capital Markets, HSBC Securities (USA) Inc., Wells Fargo Securities LLC, BNP Paribas Securities Corp., JPMorgan Chase Bank, Morgan Stanley Senior Funding Inc., Barclays, MUFG, Goldman Sachs Bank USA and Deutsche Bank Securities Inc. are the joint lead arrangers on the deal.

Commitments continued to be due at noon ET on Wednesday, the source added.

Proceeds will be used to reprice an existing term loan B-5 due November 2029 from SOFR plus 250 bps with a 0% floor.

GoDaddy is Tempe, Ariz.-based provider of web hosting and domain names.

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