Go Daddy to sell $800 million eight-year notes on Monday; initial talk mid-to-high 3% area

By Paul A. Harris

Portland, Ore., Feb. 22 – GoDaddy Inc. plans to price $800 million of eight-year senior notes (existing ratings B1/BB-) in a Monday drive-by, according to market sources.

Initial guidance is in the mid-to-high 3% area, according to a bond trader.

J.P. Morgan Securities LLC is the lead.

The Rule 144A and Regulation S notes come with three years of call protection.

The issuing entities will be subsidiaries Go Daddy Operating Co., LLC and GD Finance Co, Inc.

The Scottsdale, Ariz.-based internet domain registrar and web hosting company plans to use the proceeds for general corporate purposes, which may include working capital, capital expenditures and potential acquisitions and strategic transactions.

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