Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Yext, Inc. incurred credit facility of $100,000,000 with Acquiom Agency Services LLC, as Administrative Agent at term SOFR plus 5.25% (subject to a 1.00% floor).
- Instrument
- credit facility
- Principal
- $100,000,000
- Counterparty
- Acquiom Agency Services LLC, as Administrative Agent
- Rate
- term SOFR plus 5.25% (subject to a 1.00% floor)
- Event
- incurrence
Exact text from the filing
(the “Company”), entered into a Credit Agreement by and among the Company, the lenders from time to time party thereto and Acquiom Agency Services LLC, as Administrative Agent (the “Credit Agreement”). The Credit Agreement provides for (i) a senior secured initial term loan facility (the “Initial Term Loan Facility”) in an aggregate principal amount of up to $100,000,000, (ii) a secured delayed draw term loan facility in an aggregate principal amount of up to $50,000,000 (the “Delayed Draw Term Loan Facility”), and (iii) an uncommitted secured discretionary delayed draw term loan facility in an aggregate principal amount of up to $50,000,000 (the “Discretionary Delayed Draw Term Loan Facility”, and together with the Initial Term Loan Facility and the Delayed Draw Term Loan Facility, the “Term Loan Facilities”).
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