Zeta Global has announced that it has successfully closed a new $1 billion credit facility to refinance its existing $550 million credit facility and lower its credit spreads. This new debt is a combination of $250 million Term Loan A and a $750 million Revolving Credit Facility, which remains undrawn at the time of closing.
Zeta Global closed a new $1 billion credit facility to refinance its existing $550 million facility and lower credit spreads.
The facility combines a $250 million Term Loan A and a $750 million Revolving Credit Facility, the latter remaining undrawn.
The financing provides flexibility for accretive M&A, share repurchases, and general corporate purposes.
BofA Securities served as Lead Arranger and Bookrunner; Citi, JPMorgan, RBC Capital Markets, and Truist Securities served as Joint Lead Arrangers.
Zeta Global is the intelligent AI infrastructure company transforming proprietary enterprise data into enterprise intelligence.
The company was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City.
Zeta Global, the intelligent AI infrastructure company, today announced that it has successfully closed a new $1 billion credit facility to refinance its existing $550 million credit facility and lower its credit spreads. This new debt is a combination of $250 million Term Loan A and a $750 million Revolving Credit Facility, which remains undrawn at the time of closing.
"We are pleased to announce this proactive refinancing, which reduces our cost of capital and strengthens our liquidity," said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta. "As we continue building the future of enterprise intelligence, this increased flexibility provides incredible optionality to pursue accretive M&A, support general corporate purposes, and execute opportunistically on share buybacks."
"This financing is a key step in strengthening Zeta's balance sheet and ensuring that the company is well-positioned," said Chris Greiner, Zeta's CFO. "By securing this capital at favorable terms, we are enhancing our financial flexibility that is aligned with our long-term vision."
BofA Securities, Inc. served as Lead Arranger and Bookrunner. Citi, JPMorgan, RBC Capital Markets, and Truist Securities served as Joint Lead Arrangers and Joint Bookrunners. Flagstar and Morgan Stanley served as Co-Documentation Agents, and MUFG was a participant in the facility.
About Zeta Global
Zeta Global is the intelligent AI infrastructure company helping enterprises transform proprietary data into enterprise intelligence. The Zeta Data Cloud and Athena by Zeta™ connect proprietary enterprise knowledge with advanced AI to enable better decisions, more effective customer engagement, and stronger business outcomes. With one of the industry's largest proprietary data assets, Zeta helps organizations accelerate AI transformation and build durable competitive advantage. Founded in 2007 by David A. Steinberg and John Sculley, Zeta is headquartered in New York City with offices worldwide.
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