ZoomInfo Enters New Credit Facility Agreement

TL;DR

ZoomInfo just signed a new credit deal, likely raising cash.

AI Summary

On June 10, 2024, ZoomInfo Technologies Inc. entered into a material definitive agreement related to a credit facility. This agreement involves a direct financial obligation for the registrant, indicating new debt or financing arrangements. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates ZoomInfo is securing new financing, which could impact its capital structure and future investment capacity.

Risk Assessment

Risk Level: medium — Entering into new debt agreements can introduce financial leverage and obligations that carry inherent risks.

Key Players & Entities

• ZoomInfo Technologies Inc. (company) — Registrant
• June 10, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ZI The Nasdaq Stock Market

Filing Documents

• zi-20240610.htm (8-K) — 26KB
• zi-ex101x20240610.htm (EX-10.1) — 2022KB
• 0001794515-24-000114.txt ( ) — 2549KB
• zi-20240610.xsd (EX-101.SCH) — 2KB
• zi-20240610_lab.xml (EX-101.LAB) — 22KB
• zi-20240610_pre.xml (EX-101.PRE) — 13KB
• zi-20240610_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. First Lien Credit Agreement Amendment On June 10, 2024, ZoomInfo LLC (the "Borrower") entered into an amendment (the "Credit Agreement Amendment"), by and among the Borrower, ZoomInfo Technologies LLC, as the co-borrower (the "Co-Borrower"), ZoomInfo Midco LLC ("Holdings"), the other guarantors party thereto, each lender and L/C issuer party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent and L/C issuer, to the Borrower's existing First Lien Credit Agreement, dated as of February 1, 2019, by and among the Borrower, the Co-Borrower, Holdings, the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent and L/C issuer (as amended by that certain Amendment No. 1 to First Lien Credit Agreement, dated as of February 19, 2020, as further amended by that certain Amendment No. 2 to First Lien Credit Agreement, dated as of February 2, 2021, as further amended by that certain Amendment No. 3 to First Lien Credit Agreement, dated as of July 20, 2021, as further amended by that certain Amendment No. 4 to First Lien Credit Agreement, dated as of December 30, 2022, as further amended by that certain Amendment No. 5 to First Lien Credit Agreement, dated as of February 28, 2023, as further amended by that certain Amendment No. 6 to First Lien Credit Agreement, dated as of December 8, 2023, and as further amended by the Credit Agreement Amendment, the "First Lien Credit Agreement"), that provided for, among other things, the repricing of the first lien term loan facility. Amounts drawn under the first lien term loan facility will bear interest, at the Borrower's option, at a percentage per annum equal to 1.75% per annum for SOFR Loans or 0.75% per annum for Base Rate Loans. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the f

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 7 to First Lien Credit Agreement, dated as of June 10, 2024 , by and among ZoomInfo LLC (f/k/a DiscoverOrg, LLC), a Delaware limited liability company (the "Borrower"), ZoomInfo Technologies LLC, a Delaware limited liability company (the "Co-Borrower"), ZoomInfo Midco LLC (f/k/a DiscoverOrg Midco, LLC), a Delaware limited liability company ("Holdings"), the other guarantors party thereto, each lender and L/C issuer party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent and L/C issuer 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ZoomInfo Technologies Inc. Date: June 12, 2024 By: /s/ P. Cameron Hyzer Name: P. Cameron Hyzer Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR