Zeta Global (ZETA) Completes Debt Refinancing
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Zeta Announces Successful Completion of Debt Refinancing
September 3, 2024 6:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Zeta Global (NYSE: ZETA), the AI-Powered Marketing Cloud, today announced that it has successfully closed a $550 million loan facility to refinance its existing debt and lower its credit spreads. This new debt is a combination of $200 million Term Loan A and a $350 million Revolving Credit Facility, which remains undrawn at the time of closing.
We are pleased to announce this proactive refinancing agreement, which reduces our cost of capital and strengthens our liquidity, said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta. Our model remains the same... More
