GoDaddy Reports Material Agreement & New Financial Obligation

TL;DR

**GoDaddy just took on a new major financial obligation, watch for details.**

AI Summary

GoDaddy Inc. filed an 8-K on January 23, 2024, reporting an event that occurred on January 22, 2024. This filing indicates the company entered into a material definitive agreement and created a direct financial obligation. While the specific details of the agreement and obligation are not provided in this excerpt, this matters to investors because such events can significantly impact GoDaddy's financial health, future operations, and ultimately, the stock's value.

Why It Matters

This filing signals a new significant financial commitment or agreement for GoDaddy, which could affect its balance sheet, cash flow, and future profitability, directly influencing shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without providing specific terms, creating uncertainty about its potential impact on GoDaddy's financial health.

Analyst Insight

A smart investor would monitor GoDaddy's subsequent filings and announcements for specific details about the material agreement and financial obligation to assess their impact on the company's financial outlook.

Key Players & Entities

• GoDaddy Inc. (company) — the registrant filing the 8-K
• January 22, 2024 (date) — date of the earliest event reported
• January 23, 2024 (date) — date the 8-K was filed
• 001-36904 (other) — Commission File Number for GoDaddy Inc.

Forward-Looking Statements

• Further details regarding the material definitive agreement and financial obligation will be disclosed in subsequent filings or earnings calls. (GoDaddy Inc.) — high confidence, target: Q1 2024 Earnings Call

FAQ

Key Financial Figures

• $0.001 — which registered Class A Common Stock, $0.001 par value per share GDDY New York Stock
• $1,752 million — The Tenth Amendment provides for a new $1,752 million tranche of term loans maturing in 2029

Filing Documents

• gddy-20240122.htm (8-K) — 33KB
• ex101-1222024.htm (EX-10.1) — 2420KB
• ex991-1222024.htm (EX-99.1) — 6KB
• image_0.jpg (GRAPHIC) — 23KB
• 0001609711-24-000009.txt ( ) — 3031KB
• gddy-20240122.xsd (EX-101.SCH) — 2KB
• gddy-20240122_def.xml (EX-101.DEF) — 18KB
• gddy-20240122_lab.xml (EX-101.LAB) — 33KB
• gddy-20240122_pre.xml (EX-101.PRE) — 18KB
• gddy-20240122_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Credit Agreement Refinancing On January 22, 2024, Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a direct or indirect subsidiary of GoDaddy Inc. and together, the "Borrowers") entered into a Tenth Amendment (the "Tenth Amendment") to the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended by Amendment No. 1, dated as of November 22, 2017, as further amended by the Joinder and Amendment Agreement, dated as of June 4, 2019, as further amended by Amendment No. 3, dated as of October 3, 2019, as further amended by the Joinder and Fourth Amendment Agreement, dated as of August 10, 2020, as further amended by the Fifth Amendment Agreement, dated as of March 8, 2021, as further amended by the Joinder and Sixth Amendment Agreement, dated as of November 10, 2022, as further amended by the Seventh Amendment Agreement, dated as of May 5, 2023, as further amended by the Eighth Amendment Agreement, dated as of July 19, 2023, as further amended by the Ninth Amendment Agreement, dated as of August 15, 2023, and as further amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lending institutions from time to time party thereto, and Royal Bank of Canada as the Administrative Agent, the Collateral Agent, the Swingline Lender and a Letter of Credit Issuer. Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement as amended by the Tenth Amendment. The Tenth Amendment provides for a new $1,752 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Tranche B-5 Term Loans. The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall be payable on or about March 31, 2024. Pursuant to the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Description 10.1 Tenth Amendment to the Second Amended and Restated Credit Agreement by and among Desert Newco, LLC, Go Daddy Operating Company, LLC, GD Finance Co, LLC, the lending institutions from time to time party thereto and Royal Bank of Canada, effective as of January 22, 2024 99.1 Press release of GoDaddy Inc., dated January 22, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GODADDY INC. Date: January 22, 2024 /s/ Mark McCaffrey Mark McCaffrey Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR