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GoDaddy to fund HEG buy with US$1.9bn of loans, expects to sell PlusServer

Connectivity BusinessbyConnectivity Business
December 7, 2016
in Financing, Investments, Space Services
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US web domain firm GoDaddy (NYSE:GDDY) has revealed that the financing for its €1.69bn (US$1.79bn) acquisition of German counterpart Host Europe Group (HEG) will include US$1.91bn in loans. The Arizona-based company also noted expectations to divest HEG’s non-core managed hosting business PlusServer to help it de-lever quickly next year. US web domain firm GoDaddy (NYSE:GDDY) has revealed that the financing for its […]

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Tags: BarclaysCinvenCitigroupDeloitteDeutsche BankErnst & YoungFreshfieldsGoDaddyHost Europe Group (HEG)North AmericaOC&CPremiumRBC Capital MarketsTF251
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