ZoomInfo Technologies wraps $756M term loan repricing; terms

ZoomInfo Technologies Inc. has completed the repricing of its $756.35 million covenant-lite term loan B due February 2026 at final pricing of L+300, with a 0% Libor floor and an offer price of par via a Morgan Stanley-led arranger group, according to sources. The final spread comes tight of initial talk of L+325 and will lower the spread on the facility from its existing L+400, with a 0% floor. The company is also issuing $350 million of 3.875% senior unsecured notes due February 2029 that will be used to reduce the size of the term loan facility to $406.35 million. ZoomInfo, formerly known as DiscoverOrg LLC, is a subscription-based B2B information services company. TA Associates has backed the company since 2014, and The Carlyle Group made a minority investment in the business in 2018.