GoDaddy Inc. Files 8-K: Material Agreement & Financial Obligation

TL;DR

GoDaddy just signed a big deal and took on debt, filing an 8-K on 5/31.

AI Summary

On May 31, 2024, GoDaddy Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing does not specify the exact nature of the agreement or the financial obligation, but it indicates a significant event for the company.

Why It Matters

This filing signals a new material definitive agreement and a direct financial obligation for GoDaddy Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which could introduce new risks or opportunities for the company.

Key Players & Entities

• GoDaddy Inc. (company) — Registrant
• May 31, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — which registered Class A Common Stock, $0.001 par value per share GDDY New York Stock
• $1,000 million — e Eleventh Amendment provides for a new $1,000 million tranche of term loans maturing in 2031

Filing Documents

• gddy-20240531.htm (8-K) — 34KB
• ex101-53124.htm (EX-10.1) — 2547KB
• ex991-53124.htm (EX-99.1) — 6KB
• image_0.jpg (GRAPHIC) — 23KB
• 0001609711-24-000082.txt ( ) — 3162KB
• gddy-20240531.xsd (EX-101.SCH) — 2KB
• gddy-20240531_def.xml (EX-101.DEF) — 18KB
• gddy-20240531_lab.xml (EX-101.LAB) — 30KB
• gddy-20240531_pre.xml (EX-101.PRE) — 18KB
• gddy-20240531_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement Credit Agreement Refinancing and Extension On May 31, 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 an Eleventh Amendment (the "Eleventh 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, as further amended by the Tenth Amendment Agreement, dated as of January 22, 2024, 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 Eleventh Amendment. The Eleventh Amendment provides for a new $1,000 million tranche of term loans maturing in 2031 (the "Replacement Term Loans"), the proceeds of which were used to refinance and extend the maturity of all outstanding Existing Tranche B-4 Term Loans and Repaid Tranche B-6 Ter

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Description 10.1 Eleventh 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 May 31 , 2024 99.1 Press release of GoDaddy Inc., dated May 31, 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: May 31, 2024 /s/ Mark McCaffrey Mark McCaffrey Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR