Go Daddy moves up timing for $100 million loan; deadline is Monday

By Paul A. Harris

Portland, Ore., Sept. 6 - Go Daddy Operating Co. LLC moved up the timing for its $100 million incremental senior secured term loan (existing ratings Ba3/B), a market source said on Friday.

Commitments are due on Monday, two days earlier than the previously announced Sept. 11 deadline.

As reported, the deal is talked with a 325 basis points spread to Libor and a 1% Libor floor discounted to 99.75.

Barclays is the left lead among a syndicate of managers that also includes KKR Capital Markets and Deutsche Bank Securities Inc.

Proceeds will be used to finance potential acquisitions.

Go Daddy is a Scottsdale, Ariz.-based provider of web hosting and domain names.

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