U.S. Markets closed

Go Daddy Operating Company, LLC -- Moody's assigns B1 to GoDaddy's new unsecured notes, affirms Ba2 CFR; stable outlook

Moody's Investors Service ("Moody's") assigned a B1 rating to Go Daddy Operating Company, LLC's ("GoDaddy") proposed $600 million senior unsecured notes due 2027 and a Ba1 rating to the amended and extended first lien revolving credit facility due 2024 (to be upsized to $600 million). At the same time, Moody's affirmed the company's Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), SGL-1 Speculative Grade Liquidity Rating and upgraded its first lien senior secured term loan B due 2024 to Ba1.