---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-130163"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2022-12-27T23:59:59+00:00"
generated_at: "2026-06-20T22:52:09.752300+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Yext extends $50M credit facility maturity to Dec 2025, switches to SOFR

## Summary
- Maturity of revolving credit facility extended from March 2020 to December 22, 2025.
- Interest rate benchmark changed from LIBOR to SOFR; SOFR loans at SOFR + 2.50%–3.00% (floor 1.00%).
- Recurring revenue growth rate financial covenant amended as part of the second amendment.
- Borrower may elect base rate loans at base rate minus 0.50% to plus 0.00% per annum.

## SEC filing metadata
- accession: 0001104659-22-130163
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2022-12-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000110465922130163/0001104659-22-130163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000110465922130163/tm2233425d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-130163
- JSON: https://secwatch.observer/filing/0001104659-22-130163.json
- Plain text: https://secwatch.observer/filing/0001104659-22-130163.txt

## Key facts
- Material Agreements
  Yext, Inc. amended Amendment No. 2 with Silicon Valley Bank, as administrative agent (effective 2022-12-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank, as administrative agent
  - Effective: 2022-12-22
  source text: On December 22, 2022, Yext, Inc. (the “Company”) entered into a second amendment (“Amendment No. 2”) to that certain Credit Agreement, dated March 11, 2020, by and among the Company, as borrower, Yext Holdings, LLC, as guarantor, the lenders from time to time party thereto, and Silicon Valley Bank, as administrative agent, collateral agent, issuing lender and swingline lender (as amended by that certain First Amendment to Credit Agreement and Guarantee and Collateral Agreement dated as of January 29, 2021, the “Credit Facility”). Amendment No. 2 amends the Credit Facility to, among other things (i) extend the maturity date of the Credit Facility to December 22, 2025, (ii) amend the interest rate provisions to replace LIBOR with SOFR as the interest rate benchmark, (iii) amend the recurring revenue growth rate financial covenant, and (iv) make certain other revisions as more fully set forth therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614178/000110465922130163/0001104659-22-130163-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.