05:29 PM EST, 12/16/2024 (MT Newswires) -- GoDaddy ( GDDY ) said late Monday its subsidiaries, Go Daddy Operating and GD Finance, closed a credit agreement refinancing.

The proceeds from the new tranche of term loans of more than $1.46 billion, maturing in 2029, were used to refinance all outstanding debt under the so-called Existing Tranche B-6 Term Loans.

The amortization rate for the replacement term loans is 1% per annum, the company said.