As a professional, I`m pleased to provide this overview of the zoominfo credit agreement.
ZoomInfo, a leading provider of marketing and sales intelligence, recently announced a new credit agreement that will allow the company to improve its financial flexibility and support its growth initiatives.
The credit agreement includes a $300 million revolving credit facility, which can be used for general corporate purposes, including acquisitions, capital expenditures, and working capital. The facility will mature in five years and has no financial covenants.
According to Henry Schuck, Founder and CEO of ZoomInfo, the credit agreement provides the company with significant financial flexibility, allowing it to pursue strategic growth initiatives.
« We are pleased to have closed this new credit facility, which enhances our ability to execute on our strategic priorities and accelerate our growth trajectory, » Schuck said in a statement.
The credit facility was arranged by JPMorgan Chase Bank, N.A., and includes a syndicate of lenders. The agreement replaces ZoomInfo`s previous credit facility, which was set to mature in June 2022.
The new credit agreement comes on the heels of ZoomInfo`s successful initial public offering (IPO) in June 2020. The company`s shares have risen more than 200% since the IPO, reflecting strong demand for marketing and sales intelligence solutions.
ZoomInfo provides a suite of tools that help companies identify and target their ideal customers, enabling them to optimize their sales and marketing efforts. The company`s platform includes a database of over 150 million active users, as well as a suite of tools for account-based marketing, lead generation, and sales prospecting.
As ZoomInfo continues to expand its offerings and market share, the credit agreement provides a strong foundation for the company`s growth. With access to additional capital, ZoomInfo is well-positioned to pursue strategic acquisitions and invest in new technology and innovation to meet the evolving needs of its customers.
Overall, the zoominfo credit agreement is an important milestone for the company, providing significant financial flexibility and support for its continued growth and success in the marketing and sales intelligence space.