GoDaddy term loan B-5 hits secondary; Omnia accelerates commitment deadline

By Sara Rosenberg

New York, July 14 – GoDaddy Inc.’s term loan B-5 freed up for trading during Friday’s session, with levels quoted above its issue price.

GoDaddy’s $1,761,150,000 term loan B-5 (Ba1/BB) due November 2029 broke for trading on Friday, with levels quoted at par 1/8 bid, par ˝ offered, a trader said.

Pricing on the term loan is SOFR plus 250 basis points with a 0% floor and it was issued at par. The debt has 101 soft call protection for six months.

Meanwhile, in the primary market, Omnia Partners LLC moved up the commitment deadline for its first-lien term loan and delayed-draw first-lien term loan.

In addition, Bangl LLC joined the near-term new issue calendar with plans for a senior secured term loan B.

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