Skip to main content

Market Overview

GoDaddy Seeks To Raise $800M Via Debt

Share:
  • 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.
 

Related Articles (GDDY)

View Comments and Join the Discussion!

Posted-In: Debt FinancingNews Offerings Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com