secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZoomInfo Technologies Inc. (GTM)
CIK:        0001794515
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001794515-21-000170
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794515/000179451521000170/0001794515-21-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794515/000179451521000170/zi-8kx202107713.htm
  HTML page:      https://secwatch.observer/filing/0001794515-21-000170

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer