Go Daddy Operating Co. LLC is seeking a $100 million incremental senior secured term loan with the intention of using the proceeds for financing potential acquisitions.
Barclays Capital is leading the debt.
The maturity on the add-on term loan is Dec. 17, 2018, which is the same as the existing debt.
The corporate rating on the Scottsdale, Ariz.-headquartered company is B1 from Moody's Investors Service and B from Standard & Poor's. The facility rating is Ba3 and B, respectively.
Go Daddy, a web platform for small businesses, is primarily focused on being an internet domain registrar and the business of web hosting. So far in 2013, the company purchased M.dot Inc., a mobile application for small-business website creation, for an undisclosed price in February.