Go Daddy to redeem $600 million of term loan using new note proceeds

By Sarah Lizee

Olympia, Wash., May 28 – Go Daddy Operating Co., LLC plans to repay $600 million of term loan borrowings under its existing credit agreement using proceeds from a new note offering and cash on hand, according to a press release.

The company announced Tuesday that it intends to offer $600 million of senior notes.

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

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