STOCK TITAN
  1. Home
  2. Sec-filings
  3. GDDY
  4. [8-K] GoDaddy Inc. Reports Material Event

GoDaddy Inc. (NYSE: GDDY) replaces $1.0B revolver with new $1.2B facility

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

GoDaddy Inc., through subsidiaries Go Daddy Operating Company, LLC and GD Finance Co, LLC, entered into a Thirteenth Amendment to its Second Amended and Restated Credit Agreement establishing a new $1,200 million revolving credit facility that refinances and replaces its prior $1,000 million facility.

The new facility matures on July 31, 2031, with a springing earlier maturity tied to certain term loans or debt securities with more than $500 million in outstanding principal. Interest margins range from 1.25%–1.75% for term SOFR-, EURIBOR- or SONIA-based loans and 0.25%–0.75% for U.S. dollar base rate loans, based on Holdings’ first lien net leverage ratio. A financial covenant applies when at least 40% of commitments are utilized, requiring a first lien net leverage ratio not greater than 5.75:1.00.

Positive

  • None.

Negative

  • None.

Filing Explained

This Form 8-K reports that the July 31 amendment created a direct financial obligation through the new revolving credit facility, which replaced the prior facility; the disclosure establishes borrowing capacity and terms, but does not state that any amount was drawn.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New Revolving Credit Facility $1,200 million Size of new revolving credit facility established by Thirteenth Amendment
Prior Revolving Credit Facility $1,000 million Existing revolving credit facility refinanced and replaced
SOFR/EURIBOR/SONIA margin range 1.25%–1.75% per annum Margin on benchmark rate loans based on first lien net leverage ratio
U.S. base rate margin range 0.25%–0.75% per annum Margin on U.S. dollar base rate revolving loans
Leverage covenant limit 5.75:1.00 Maximum first lien net leverage ratio when at least 40% of commitments are utilized
Springing maturity trigger level $500 million Outstanding principal of term loans or debt securities that can trigger earlier maturity
Stated maturity date July 31, 2031 Stated maturity of the New Revolving Credit Facility
revolving credit facility financial
"provides for a new revolving credit facility of $1,200 million"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
first lien net leverage ratio financial
"based on Holdings’ first lien net leverage ratio"
First lien net leverage ratio measures how much of a company’s top-priority secured debt remains after using available cash, compared with the company’s recurring cash earnings. Think of it like the size of a primary mortgage relative to your annual take-home pay after you count money in your savings account. Investors use it to judge credit risk and borrowing capacity: a higher ratio suggests greater default risk, tighter financing terms, or covenant pressure.
springing maturity date financial
"subject to a customary “springing” maturity date triggered"
term SOFR financial
"bear interest at a term SOFR-, EURIBOR- or SONIA-based benchmark rate"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
EURIBOR financial
"bear interest at a term SOFR-, EURIBOR- or SONIA-based benchmark rate"
Euribor is the benchmark interest rate at which banks in the eurozone lend short-term money to one another and is published for several maturities (overnight to one year). Investors watch it because it forms the baseline for many loans, mortgages, bonds and derivatives—like the temperature reading that helps predict how hot borrowing costs and returns will be across the market.
SONIA financial
"bear interest at a term SOFR-, EURIBOR- or SONIA-based benchmark rate"
SONIA is the Sterling Overnight Index Average, the market benchmark that reflects the average interest rate banks pay to borrow British pounds overnight. Think of it like the overnight hotel rate for cash: it shows the short‑term cost of money and is used as a reference price for loans, bonds and interest-rate contracts, so movements in SONIA affect borrowing costs, contract values and investor returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →

FAQ

What change did GoDaddy (GDDY) make to its credit facilities on July 31, 2026?
GoDaddy entered into a Thirteenth Amendment to its Second Amended and Restated Credit Agreement, creating a new $1,200 million revolving credit facility. This new facility refinances and replaces the company’s existing $1,000 million revolving credit facility through its operating subsidiaries.

How large is GoDaddy (GDDY)'s new revolving credit facility and what did it replace?
The new revolving credit facility is $1,200 million. It refinances and replaces GoDaddy’s prior $1,000 million revolving credit facility under the Second Amended and Restated Credit Agreement, increasing total revolving borrowing capacity by $200 million under the amended structure.

What interest margins apply to GoDaddy (GDDY)'s new revolving credit facility?
For term SOFR-, EURIBOR- or SONIA-based loans, the margin ranges from 1.25% to 1.75% per annum. For U.S. dollar base rate loans, the margin ranges from 0.25% to 0.75% per annum. In both cases, the margin depends on the first lien net leverage ratio.

When does GoDaddy (GDDY)'s new revolving credit facility mature and what is the springing maturity feature?
The new revolving credit facility has a stated maturity of July 31, 2031. It also has a customary springing maturity date, which can be triggered earlier by the near-term maturity of certain term loans or debt securities exceeding $500 million of outstanding principal.

What financial covenant applies to GoDaddy (GDDY)'s new revolving credit facility?
The same financial covenant as the prior facility applies. When at least 40% of total revolving commitments are utilized, GoDaddy’s holding company must maintain a first lien net leverage ratio not greater than 5.75:1.00 under the amended credit agreement.

Who are the key parties to GoDaddy (GDDY)'s amended credit agreement?
Key parties include Go Daddy Operating Company, LLC and GD Finance Co, LLC as Borrowers, Desert Newco, LLC as Holdings, various lending institutions, and Royal Bank of Canada acting as Administrative Agent, Collateral Agent, Swingline Lender and a Letter of Credit Issuer.
0001609711false00016097112026-07-312026-07-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 31, 2026
GoDaddy Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-36904
46-5769934
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
100 S. Mill Ave, Suite 1600
Tempe
Arizona
85281
(Address of Principal Executive Offices)
(Zip Code)
(480) 505-8800
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.001 par value per shareGDDYNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨






Item 1.01    Entry into a Material Definitive Agreement
Revolving Credit Facility Upsize and Extension
On July 31, 2026, 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 Joinder and Thirteenth Amendment (the “Thirteenth 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, as further amended by the Eleventh Amendment Agreement, dated May 31, 2024, as further amended by the Twelfth Amendment Agreement, dated December 16, 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 (“Holdings”), 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 Thirteenth Amendment.

The Thirteenth Amendment provides for a new revolving credit facility of $1,200 million (the “New Revolving Credit Facility”), which refinanced and replaced the Borrowers’ existing $1,000 million revolving credit facility. Pursuant to the Thirteenth Amendment, the applicable margin per annum applicable to the New Revolving Credit Facility is (i) between 1.25% and 1.75% for revolving loans that bear interest at a term SOFR-, EURIBOR- or SONIA-based benchmark rate, in each case, based on Holdings’ first lien net leverage ratio and (ii) between 0.25% and 0.75% for revolving loans that bear interest at a U.S. dollar base rate, in each case, based on Holdings’ first lien net leverage ratio. The New Revolving Credit Facility has a stated maturity date of July 31, 2031, and is subject to a customary “springing” maturity date triggered by the near-term maturity of certain term loans or debt securities issuances with outstanding principal amounts in excess of $500 million. The New Revolving Credit Facility is subject to the same financial covenant applicable to the existing revolving credit facility, which requires that upon applicable utilization of the New Revolving Credit Facility of at least 40% of the total commitments thereunder, Holdings must maintain a first lien net leverage ratio of not greater than 5.75:1.00.

The foregoing description of the Thirteenth Amendment is qualified in its entirety by reference to the full text of the Thirteenth Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
Item 9.01    Financial Statements and Exhibits
(d)    Exhibits
Exhibit NumberExhibit Description
10.1
Thirteenth 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 July 31, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



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: August 3, 2026/s/ Mark McCaffrey
Mark McCaffrey
Chief Financial Officer


Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

Other Documents