Connect with us

Technology

GoDaddy Inc. Completes Refinancing and Extension of Existing Tranche B-4 Term Loans and Certain Tranche B-6 Term Loans

Published

on

TEMPE, Ariz., May 31, 2024 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the “Borrowers”) closed the previously announced credit agreement refinancing and extension. In connection with the closing, the Borrowers entered into an Eleventh Amendment (the “Eleventh Amendment”) to the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”), by and among the Borrowers, Desert Newco, LLC, Royal Bank of Canada as the Administrative Agent, the Collateral Agent, the Swingline Lender and a Letter of Credit Issuer, and the other parties party thereto. Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement as amended by the Eleventh Amendment, which will be filed with the Securities and Exchange Commission.

The Eleventh Amendment provides for a new $1,000 million tranche of term loans maturing in 2031 (the “Replacement Term Loans”), the proceeds of which were used to refinance and extend the maturity of all outstanding Existing Tranche B-4 Term Loans and Repaid Tranche B-6 Term Loans. The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall be payable on or about September 30, 2024. Pursuant to the Eleventh Amendment, the Applicable Margin is (i) 1.75% for the Replacement Term Loans that are SOFR Loans and (ii) 0.75% for the Replacement Term Loans that are ABR Loans.

About GoDaddy
GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy’s easy-to-use tools help microbusiness owners manage everything in one place, and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com

Source: GoDaddy Inc.

© 2024 GoDaddy Inc. All Rights Reserved.

View original content to download multimedia:https://www.prnewswire.com/news-releases/godaddy-inc-completes-refinancing-and-extension-of-existing-tranche-b-4-term-loans-and-certain-tranche-b-6-term-loans-302160992.html

SOURCE GoDaddy Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Lampin Corporation President Honored as 2025 Manufacturing Champion

Published

on

By

Local Industry Leader John Biagioni Recognized by Worcester Business Journal for Outstanding Contributions to Central Massachusetts Manufacturing

UXBRIDGE, Mass., April 7, 2025 /PRNewswire-PRWeb/ — Lampin Corporation proudly announces that its President, John Biagioni, has been selected as the 2025 Manufacturing Champion by the Worcester Business Journal (WBJ) for its annual Central Massachusetts Manufacturing Summit & Excellence Awards.

John Biagioni is everything the manufacturing industry could ever want from a leader, and more…It’s clear from everything John does, especially the way he infuses an employee-first culture at Lampin, he is truly worthy of being called a Manufacturing Champion.”

Each year, WBJ recognizes individuals who have made exceptional contributions to the region’s manufacturing sector. Biagioni was selected for his visionary leadership at Lampin, where he has spearheaded strategic growth and cybersecurity initiatives, reinforced the company’s 100% employee-owned structure, and expanded capabilities in complex precision machining and subassembly.

John Biagioni is everything the manufacturing industry could ever want from a leader, and more,” said WBJ Editor Brad Kane. “WBJ created the Manufacturing Champion award to highlight those who make the Central Massachusetts economy better by advocating for its core industry. It’s clear from everything John does, especially the way he infuses an employee-first culture at Lampin, he is truly worthy of being called a Manufacturing Champion.”

Under Biagioni’s leadership, Lampin Corporation has solidified its position as a leading supplier of precision components and assemblies for OEMs across diverse industries, including aerospace, optics, medical devices, robotics, telecommunications, renewable energy, and defense. The company is renowned for its advanced CNC machining capabilities and collaborative engineering support, enabling customers to transform complex designs into reality with exceptional accuracy and reliability.

Biagioni’s commitment to employee ownership has fostered a culture of shared success and accountability at Lampin. In 2024, his dedication to promoting employee-centric business practices was recognized with his appointment to the Massachusetts Employee Ownership Advisory Board, where he contributes to advancing employee ownership models statewide.

“This recognition reflects the passion and commitment of our entire team,” said Biagioni. “At Lampin, we’re proud to be employee-owners dedicated to delivering high-value components and engineered solutions for some of the most demanding applications in the world.”

Biagioni’s profile will be featured in the April 7 edition of Worcester Business Journal, highlighting all 2025 Manufacturing Excellence Awards honorees. He will also be formally recognized during the Central Mass Manufacturing Summit & Excellence Awards ceremony on Tuesday, April 22.

About Lampin Corporation

Lampin Corporation, a 100% employee-owned manufacturer based in Uxbridge, MA, specializes in precision components and assemblies for industries including aerospace, medical devices, robotics, and renewable energy. ITAR-compliant and ISO 9001:2015-certified, Lampin delivers innovative, high-value solutions backed by over 50 years of expertise. The company also manufactures MITRPAK®, the trusted right-angle gearbox for OEM and MRO customers. Lampin is committed to long-term value through craftsmanship, accountability, and innovation. For more information about Lampin, please visit www.lampin.com.

Media Contact

Edward Burch, Lampin Co., 1 508-278-2422, edburch@lampin.com, https://www.lampin.com/ 

View original content to download multimedia:https://www.prweb.com/releases/lampin-corporation-president-honored-as-2025-manufacturing-champion-302421378.html

SOURCE Lampin Co.

Continue Reading

Technology

More than Half of the “Sandwich Generation” are at High Risk of Burnout with 64% of them Screening Positive for Depression and Anxiety – Cleo 2nd Annual Family Health Index

Published

on

By

New Findings from 12,500 Assessments Completed by Working Caregivers Reveal that Critical Health Needs Go Largely Unaddressed by Employers and Payers, Contributing to Rising Healthcare Costs

SAN FRANCISCO, April 7, 2025 /PRNewswire/ — Cleo, a global family care platform, today released its 2nd annual report on the Family Health IndexTM (FHI), the only real-time, multidimensional risk assessment tool that proactively identifies employees and members at higher risk of burnout and in need of intervention. Findings from 12,500+ assessments reveal statistically significant rates of burnout and mental health strain surrounding caregivers in employer populations in U.S.-based multinational companies.

“Cleo supports caregivers to stop issues before they hit a crisis point, improving health and workforce outcomes.”

Recognizing the hidden impact to the health and well-being of family caregivers, which contribute to rising healthcare costs, Cleo’s FHI assesses each member’s needs, provides evidence-based interventions and expert support, and tracks the impact through the reassessment process. Insights revealed that more than half of the “Sandwich Generation” — 64% of those caring for children and parents — screened positive for depression and anxiety.

The FHI report revealed significantly higher levels of burnout among parents and caregivers dealing with complex care journeys, with parents of neurodivergent children being the highest-risk group (65%), followed by family caregivers of someone with a chronic condition (61%), or cancer (55%), or navigating an end-of-life journey (57%). For cancer care, the number one driver of healthcare costs for approximately 50% of employers, Cleo estimates it can save on average $2,888 per engaged caregiver. As the population ages, employers and health plans need to begin addressing this growing portion of their constituency, whose health and well-being impact healthcare costs, including the growing demand for mental health services and increased prevalence of chronic conditions such as hypertension and heart disease.

“Understanding the complex needs of those caregiving for children, adults, or both simultaneously, is crucial for providing them with necessary coaching and navigational support. That’s why we created the Family Health Index – to make the invisible toll of caregiving visible,” said CEO Dr. Madhavi Vemireddy. “Our FHI insights show caregiving’s serious impact on health and well-being, particularly for complex care journeys. The lack of resources leave many struggling in isolation. This creates a vicious cycle — caregivers ultimately require care for themselves and the entire family suffers as a result. With the number of older adults requiring care on the rise, the increasing burden on caregivers and the healthcare system is simply unsustainable.”

The U.S. has a caregiving crisis. AARP has found, “61% of family caregivers nationwide are working while juggling caregiving responsibilities.” The result is a toll on the health and well-being of millions — not to mention organizations’ bottom lines.

Working caregivers are stretched thin as they navigate the compounded demands of caregiving responsibilities, leading to absenteeism, reduced work focus, emotional burnout, and hidden costs:

Members at higher risk for burnout report an average of 11.4 weeks of lost work productivity annually per caregiver.For every 1,000 employees, this amounts to an estimated annual cost of $3.8 million in lost productivity.

“A population health solution personalized to families’ needs is critical to address the caregiving crisis,” said Dr. Iver Juster, a physician health economist. “The FHI can help predict, measure, and improve health, well-being, productivity, and economic outcomes. Cleo is able to proactively support caregivers across complex journeys, identify and stop issues before they hit a crisis point, and improve health and workforce-related outcomes.”

Insights are only part of the picture — Cleo drives health and productivity outcomes for its members and clients:

Of those at higher risk for burnout, 70% improved their overall FHI scoreOf those with a positive PHQ-4 screen for depression and anxiety, 64% showed improved their scores37% of higher risk members who improve their FHI score report a gain of at least 100 additional working hours annually

Cleo also observed improvements in increased confidence, emotional wellness, connection to support systems, and dedicating more time to self-care.

Download a copy of the FHI Annual Report here. If you’re a member of the press or media, reach out to the Media Contact for your copy.

View original content:https://www.prnewswire.com/news-releases/more-than-half-of-the-sandwich-generation-are-at-high-risk-of-burnout-with-64-of-them-screening-positive-for-depression-and-anxiety–cleo-2nd-annual-family-health-index-302420951.html

SOURCE Cleo

Continue Reading

Technology

Pearson Redefines its Brand to Embrace the Future of Learning

Published

on

By

New brand identity reflects learning as a core human need, essential for personal happiness and progress

LONDON, April 7, 2025 /PRNewswire/ — Pearson (FTSE: PSON.L), the world’s leading learning company, today unveiled a dynamic new brand identity that demonstrates its leadership as a lifelong learning company. More than just a refreshed logo, the rebrand represents a deep understanding of the evolving needs of learners worldwide.

Pearson’s brand evolution is grounded in a core belief: humans are born to learn. The company views learning not just as acquiring knowledge, but a vital force for growth, adaptation and thriving in a rapidly changing world. This understanding is at the heart of the new brand.

“Our new brand reflects our belief in the transformative power of learning,” said Ginny Cartwright Ziegler, Chief Marketing Officer at Pearson. “It captures the emotional core of learning—the innate human desire to grow, adapt and thrive. We understand that learning is a deeply personal journey, and our new brand resonates with that experience, celebrating the curiosity, resilience and ambition of learners everywhere.”

Pearson has invested significantly in understanding the science of learning and how individuals learn most effectively. Research has shown that people who work to improve a skill or ability feel happier day-to-day and long term, even when learning itself feels challenging. Additionally, those who spend more time learning, whether in formal schooling or informal experiences, are more likely to report having purpose in their life. These insights have informed the development of the new brand and will continue to shape Pearson’s products and services, ensuring they remain at the forefront of innovation and efficacy.

“This rebrand is not just about new logos or colors; it’s a bold step in redefining who we are, what we stand for and our commitment to help people realize the life they imagine through learning,” said Pearson CEO Omar Abbosh. “Learning shapes our thoughts, feelings, connections and successes, driving growth at every stage of life. This future-oriented vision aligns deeply with our culture and our products and services, laying the foundation for sustained value creation and guiding our transformation to better serve learners, educators and partners worldwide.”

To learn more about Pearson’s new brand identity and its vision for the future of learning, please visit https://plc.pearson.com/.

About Pearson
At Pearson, our purpose is simple: to help people realize the life they imagine through learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s lifelong learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn’t just what we do. It’s who we are. Visit us at pearsonplc.com.

Media Contact:
Laura Ewart laura.ewart@pearson.com (Europe)

Sami Miller sami.miller@pearson.com (US)

Logo – https://mma.prnewswire.com/media/617186/Pearson_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/pearson-redefines-its-brand-to-embrace-the-future-of-learning-302422095.html

Continue Reading

Trending