Yext secures $200M debt facility from BlackRock, updates Q1 FY26 guidance above range

Yext, Inc.

Entered $200M senior secured term loan facility with BlackRock; proceeds for growth and acquisitions.
Borrowed $100M initial term loan at SOFR+5.25%; replaces expiring Silicon Valley Bank revolver.
Q1 FY2026 guidance updated: expects results above previously stated ranges.
CRO Thomas Nielsen left as of May 1; CEO Michael Walrath assumes interim CRO duties.

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