ZoomInfo acquires Chorus.ai for $575M, plans $300M note add-on, promotes execs

ZoomInfo Technologies Inc.

Agreed to acquire Chorus.ai for ~$575M cash (includes ~$132M tax liabilities); funded with $225M revolver and cash on hand.
Acquisition expected to be accretive to growth immediately, positive adj. op. income within 12 months, accretive to cash flow in H2 FY2022.
Subsidiaries plan $300M add-on of 3.875% senior notes due 2029; proceeds to repay revolver borrowings and fees.
Chris Hays promoted to President and COO; Nir Keren to President Israel and CTO; Keren receives $10M RSU grant vesting Jan 2023.
Chorus CEO Jim Benton to join ZoomInfo as SVP Emerging Products.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Nir Keren

President, Israel and Chief Technology Officer

GTM · ZoomInfo Technologies Inc.

Effective: 2021-07-12
Filed: July 13, 2021, 7:59 PM ET

Nir Keren, age 36, currently the Company’s Chief Technology Officer, has been promoted to the role of President, Israel and Chief Technology Officer

Role change

Chris Hays

President and Chief Operating Officer

GTM · ZoomInfo Technologies Inc.

Effective: 2021-07-12
Filed: July 13, 2021, 7:59 PM ET

Chris Hays, age 50, currently the Chief Operating Officer of ZoomInfo Technologies Inc. (the “Company”), has been promoted to the role of President and Chief Operating Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nir Keren changed role as President, Israel and Chief Technology Officer at ZoomInfo Technologies Inc..

Action: promoted
Role: President, Israel and Chief Technology Officer

Exact text from the filing

Nir Keren, age 36, currently the Company’s Chief Technology Officer, has been promoted to the role of President, Israel and Chief Technology Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Hays changed role as President and Chief Operating Officer at ZoomInfo Technologies Inc..

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

Chris Hays, age 50, currently the Chief Operating Officer of ZoomInfo Technologies Inc. (the “Company”), has been promoted to the role of President and Chief Operating Officer

View on SEC.gov

ZoomInfo Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001794515-21-000170

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