Zeta closes $550M debt refinancing, repays $185M existing credit facility

Zeta Global Holdings Corp.

New $550M facility includes $200M Term Loan A and $350M undrawn revolver; 5-year maturity.
Proceeds used to repay $185M outstanding under prior credit agreement; leverage ratio <0.5x.
Interest rate at SOFR + 1.875%-2.625% (or Base Rate + 0.875%-1.625%) based on leverage.
Financial covenant requires Consolidated Net Leverage Ratio ≤ 3.25x (step-up to 3.75x post-acquisition of ≥$75M).
Management says lower spreads improve free cash flow; facility supports tuck-in M&A criteria.

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