Business Context and Reporting Period
This Form 8-K/A is an amendment filed by GoDaddy Inc. on May 3, 2017, regarding events reported on April 3, 2017. The filing serves to provide audited historical financial statements for the acquired business, Host Europe Holdings Limited (HEG), and unaudited pro forma financial information. The historical statements cover the years ended December 31, 2016, 2015, and 2014, while the pro forma information covers the year ended December 31, 2016.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached exhibits (Exhibit 99.2 for HEG historical statements and Exhibit 99.3 for pro forma information) which are incorporated by reference but not detailed in the body of this report.
Material Changes and Transactions
- Acquisition: GoDaddy Inc. acquired Host Europe Holdings Limited (HEG).
- Financing: A Bridge Credit Agreement was executed on April 3, 2017, involving Desert Newco, LLC, GD Finance Co., Inc., and multiple lenders including Barclays Bank PLC, Deutsche Bank, Citigroup, RBC Capital Markets, J.P. Morgan, HSBC, and SG Americas.
- Amendment Purpose: This report amends the original Form 8-K filed on April 4, 2017, to include the required financial statements and pro forma data that were omitted from the initial filing.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies. The document focuses strictly on the regulatory requirement to disclose the financial statements of the acquired business and the associated financing agreement.
Investor Verification Checklist
- Review Exhibit 99.2 for the audited consolidated financial statements of Host Europe Holdings Limited for 2014, 2015, and 2016.
- Review Exhibit 99.3 for the unaudited pro forma condensed combined financial information as of December 31, 2016.
- Examine Exhibit 10.1 for the terms of the Bridge Credit Agreement and the identity of the lending syndicate.
- Verify the press release in Exhibit 99.1 for additional context on the acquisition announcement.