Yext amends credit facility; replaces growth/quick ratio covenants with leverage and liquidity tests

Yext, Inc.

Interest rate now based on SOFR plus 1.75%-2.25% or base rate minus 0.75%-1.25%, depending on leverage ratio.
New financial covenants: consolidated total leverage ratio ≤3.00x and minimum liquidity ≥$35M, tested quarterly.
Replaces prior consolidated quick ratio and recurring revenue growth rate covenants, providing more flexibility.
Amendment dated July 26, 2024, with Silicon Valley Bank as administrative agent; no change to total commitment disclosed.

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