GoDaddy Seeks To Raise $800M Via Debt


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  • GoDaddy Inc. (NYSE: GDDYplans to raise $800 million in a senior note offering via subsidiaries Go Daddy Operating Company and GD Finance Co.
  • The offering proceeds will be utilized for general corporate purposes, including working capital, capital expenditures, and potential acquisitions. The interest rate, redemption provisions, and maturity date are yet to be determined.
  • The company recently completed its acquisition of Poynt to expand its commerce services.
  • Cash and equivalents stood at $765.2 million, while total debt stood at $3.1 billion.
  • Price action: GDDY shares are down 2.61% at $82.4 in the pre-market session on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsOfferingsTechMediaDebt Financing