Yext, Inc. announced on May 15, 2025, that it closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock. This facility provides Yext with enhanced flexibility to support its growth initiatives and strategic objectives, with $100 million drawn initially.
The new debt facility replaces Yext’s previous revolving credit facility with Silicon Valley Bank, which was set to expire at the end of 2025. This proactive refinancing strengthens Yext's balance sheet and optimizes its debt structure, providing capital for strategic acquisitions and disciplined growth.
Concurrently with the financing announcement, Yext updated its financial outlook for the fiscal 2026 first quarter, which ended April 30, 2025. The company now expects its results for the quarter to be above its previously stated guidance ranges, indicating stronger-than-anticipated performance.
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