Go Daddy to price $600 million of long eight-year senior notes; initial talk mid 5% area

By Abigail W. Adams

Portland, Me., May 28 – Go Daddy Operating Co. and GD Finance Co. Inc. plan to price $600 million of long eight-year senior notes (B1/B+).

Initial talk has the deal coming with a yield in the mid 5% area, according to a market source.

The notes were marketed via an investor conference on Tuesday with pricing expected on Thursday.

J.P. Morgan Securities LLC, Barclays, BofA Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Wells Fargo Securities LLC, RBC Capital Markets LLC, HSBC Securities (USA) Inc., Societe General, BNP Paribas Securities Corp. and KKR are bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used to repay $600 million in term loan borrowings under its senior secured credit facilities.

Go Daddy is a Scottsdale, Ariz.-based domain registrar and web hosting company.

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