On February 7, 2017, GoDaddy Inc. (the “Company”) finalized terms for the repricing and extension of its existing credit facility to provide for a $1,072.5 million seven-year term loan (the “Series B Term Loan”), a second contingent $1,425.0 million tranche (the “Acquisition Term Loan”), which is intended to provide a portion of the financing for the Company’s previously announced proposed acquisition of Host Europe Holdings Limited (the “HEG Acquisition”), and a $150.0 million five-year revolving credit facility (the “Revolving Facility”), which will increase to $200.0 million upon the closing of the HEG Acquisition. The Series B Term Loan and the Acquisition Term Loan will be fungible. The Series B Term Loan is expected to be issued at an issue price of 99.75% of the principal amount of the Series B Term Loan and to bear interest at a rate per annum of LIBOR plus 2.50%. In connection with the Series B Term Loan, the Company intends to repay all amounts outstanding under its existing term loan, which bears interest at a rate per annum of LIBOR plus 3.25%.

The Acquisition Term Loan is expected to be issued at an issue price of 99.75% of the principal amount of the Acquisition Term Loan in connection with the closing of the HEG Acquisition and to bear interest at a rate per annum of LIBOR plus 2.50%. If the closing of the HEG Acquisition has not occurred by April 3, 2017, the Acquisition Term Loan will begin to accrue interest at a rate per annum of 1.25%, and if the closing of the HEG acquisition has not occurred within 60 days following the closing under the credit facility, the Acquisition Term Loan will begin to accrue interest at a rate per annum of LIBOR plus 1.25%.

The Revolving Facility will bear interest at a rate per annum of LIBOR plus a spread ranging from 2.75% to 3.25%, with the spread determined based on the Company’s total leverage ratio.

The closing under the credit facility is expected to occur on or about February 15, 2017, subject to customary closing conditions.

About GoDaddy Inc. (NYSE:GDDY)

GoDaddy Inc. is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence. It provides applications that enable connecting to customers and managing businesses. The Company provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. It provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products. Its hosting products are shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, security and cloud services and cloud applications.

GoDaddy Inc. (NYSE:GDDY) Recent Trading Information

GoDaddy Inc. (NYSE:GDDY) closed its last trading session 00.00 at 35.77 with 702,803 shares trading hands.