debt
confidence high
sentiment positive
materiality 0.65
Ziff Davis increases revolver by $250M to $350M, extends maturity to June 2027, adds JPMorgan and Citibank
ZIFF DAVIS, INC.
- Aggregate revolving commitments raised to $350M; new lenders JPMorgan ($112.5M) and Citibank ($112.5M) join US Bank ($125M).
- Maturity extended from April 2026 to the earlier of June 18, 2027 or 91 days before convertible note maturity.
- Credit spread adjustment for SOFR borrowings reduced to 0.10% across all interest periods.
- Amendment includes limited conditionality borrowing mechanics to repay 2026 convertible notes.