GoDaddy Inc. Amends Credit Facility, Increases Revolver to $1.2B

What Happened
GoDaddy Inc. (GDDY) announced a Thirteenth Amendment to its credit agreement, effective July 31, 2026, that refinanced and replaced its existing $1.0 billion revolving credit facility with a new $1.2 billion revolving credit facility. The amendment was entered into by Go Daddy Operating Company, LLC and GD Finance Co, LLC (the borrowers) with Royal Bank of Canada acting as Administrative Agent.

Key Details

• New revolving credit facility: $1,200 million, replacing prior $1,000 million facility (effective July 31, 2026).
• Stated maturity date: July 31, 2031; includes a customary “springing” maturity triggered if certain term loans or debt securities with > $500 million outstanding near-term mature.
• Interest margins: 1.25%–1.75% per annum for loans priced off term SOFR/EURIBOR/SONIA; 0.25%–0.75% per annum for U.S. dollar base rate loans—each band based on Holdings’ first lien net leverage ratio.
• Financial covenant: if borrowings/utilization reach at least 40% of commitments, Holdings must maintain a first lien net leverage ratio ≤ 5.75:1.00.
• Parties: Borrowers are Go Daddy Operating Company, LLC and GD Finance Co, LLC; Holdings is Desert Newco, LLC; Administrative Agent/Collateral Agent/Swingline Lender/LC Issuer is Royal Bank of Canada. Filing signed by CFO Mark McCaffrey (dated August 3, 2026).

Why It Matters
This amendment increases GoDaddy’s committed revolving credit capacity to $1.2B and extends the facility’s maturity to 2031, improving near- and medium-term liquidity flexibility. The pricing bands and covenant remain tied to the company’s first lien net leverage ratio, so the company’s borrowing costs and covenant compliance will depend on its leverage. Investors should view this as a financing update that affects balance-sheet flexibility and short-term liquidity risk, but not a change in operational performance or a guarantee of future earnings.