ZoomInfo Investor: Jeremiah Sisitsky Investor Relations 617-826-2068 IR@zoominfo.com ZoomInfo Media: Steve VittoriosoDirector, Communications 978-875-1297 email@example.com VANCOUVER, Wash.–(BUSINESS WIRE)–Jul. 13, 2021– ZoomInfo Technologies Inc. (« ZoomInfo ») today announced that its indirect subsidiaries ZoomInfo Technologies LLC and ZoomInfo Finance Corp. (the « Issuers » and, together with ZoomInfo, the « Company ») intend to add a Total capital amount of $300.0 million to be offered. of its 3.875% senior notes due in 2029 (the « Additional Notes »). The 3.875% Senior Notes of issuers due in 2029 were already issued for a total principal amount of $350.0 million on February 2, 2021 (the « Initial Notes »). Additional tickets and initial tickets will be treated as the same series for all intents and purposes under the tickets governing the initial tickets and the additional tickets. The Company intends to use the proceeds of the Offering, as well as additional long-term loans arising from its existing first lien credit agreement, to repay outstanding revolving loans under the first lien credit agreement, to pay the costs and expenses incurred in connection with the Transaction, and the balance for general business purposes. The offer is subject to market and other conditions. . ZoomInfo Technologies Inc. has completed the revaluation of its $756.35 million Covenant Lite B loan maturing in February 2026 at a final price of L+300 with a 0% Libor floor and an offer price of through a group of arrangers led by Morgan Stanley, according to sources. The final spread is closer to the initial discussions on L+325 and will reduce the gap on investment compared to its existing L+400 with a floor of 0%.
The Company is also issuing $350 million in 3.875% senior unsecured notes maturing in February 2029, which will be used to reduce the size of the term loan facility to $406.35 million. ZoomInfo, formerly known as DiscoverOrg LLC, is a subscription-based B2B information services company. TA Associates has supported the company since 2014 and Carlyle Group took a minority stake in the company in 2018. Unauthorized attempts to upload information and/or modify information on any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C §§ 1001 and 1030). Redis welcomes proven leaders to the Board of Directors with Alexy and Dor Appointments CareCloud reinvents its healthcare analytics and business intelligence platform. Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. Neustar enables seamless cross-border STIR/SHAKEN calls. The lock is automatically unlocked while waiting 10 minutes. If the maximum rate of eligible CFC claims continues to be exceeded during the expiration period, the duration of the expiration period is extended. To ensure equitable access for all users, please reduce the rate of your requests and review SEC.gov after the 10-minute expiration time.
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This press release contains « forward-looking statements » within the meaning of the Federal Securities Act. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by using words such as « anticipate, » « believe, » « may, » « continue, » « could, » « estimate, » « expect, » « anticipate, » « target, » « intend, » « may, » « could, » « target, » « outlook, » « plan, » « potential, » « predict, » « project, » « seek, » « should, » « target, » « trend, » « will, » « would, » or the negative version of these words or other comparable words. These forward-looking statements include all statements regarding the intended use of proceeds from the offering of the Additional Notes and the completion of the Offering of the Additional Notes. These forward-looking statements are subject to various risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Accordingly, there are or will be important factors that could cause actual results to differ materially from those expressed in these statements. These factors include, but are not limited to, those described under the heading « Risk Factors » in ZoomInfo`s Annual Report on Form 10-K for the year ended December 31, 2020. These factors may be updated from time to time in ZoomInfo`s periodic filings with the Securities and Exchange Commission (« SEC »), which are available on the SEC`s website under www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other disclaimers contained in these submissions. ZoomInfo assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. For more information, see the SEC`s Privacy and Security Policy.
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