New York, January 29, 2013 -- Moody's Investors Service said Go Daddy Operating Company, LLC's (Go Daddy) proposed amendment to reduce pricing on its existing senior secured credit facilities is credit positive. If successful, the company will realize approximately $9 million in annual interest expense savings. However, Go Daddy's B1 corporate family rating (CFR) and the Ba3 ratings for its senior secured credit facilities are not affected at the present time as the re-pricing will only modestly benefit cash flow from operations relative to the company's sizeable debt of $1.04 billion.

Vollständigen Artikel bei Moodys lesen