---
schema_version: "secwatch.filing_event.v1"
accession: "0001614178-25-000055"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T22:33:04.421133+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001614178-25-000055
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000161417825000055/0001614178-25-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000161417825000055/yext-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-25-000055
- JSON: https://secwatch.observer/filing/0001614178-25-000055.json
- Plain text: https://secwatch.observer/filing/0001614178-25-000055.txt

## Key facts
- Debt Financings
  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
  source text: (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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614178/000161417825000055/0001614178-25-000055-index.htm

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