other material
confidence high
sentiment negative
materiality 0.75
ZoomInfo discloses $284M cash exposure to Silicon Valley Bank; FDIC guarantees deposits
ZoomInfo Technologies Inc.
- $20M in deposit accounts at SVB (3% of cash); $264M in money market securities custodied at SVB (42% of cash).
- $6M in restricted cash for letters of credit also held at SVB.
- FDIC and Treasury guarantee depositors full access to all money starting March 13, 2023.
- Company states sufficient liquidity and alternative banking relationships to meet obligations.
- No material impact currently expected; ticker ZI.