Zeta Global (ZETA) Completes Debt Refinancing

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 with our core value proposition of data and AI driving strong organic growth. This increased flexibility allows us to remain opportunistic for tuck-in acquisitions that we expect to meet our criteria which includes:

• Fully integrate into our platform in less than a year,
• Be accretive from day 1,
• Possess clear synergies across combined customer bases, and
• Grow the acquired business at faster pace than our overall organic growth rate.”

"This financing is a key step in strengthening Zeta's balance sheet and ensuring that the company is well-positioned for future growth,” said Chris Greiner, Zeta’s CFO. “By securing this capital at favorable terms, we are enhancing our financial flexibility that is aligned with our long-term vision. Additionally, the lower credit spreads achieved through this deal will improve our free cash flow, further supporting our go forward business strategy while currently operating at a leverage ratio of less than 0.5x."

BofA Securities, Inc. served as Lead Arranger and Bookrunner. MUFG, Key Bank, RBC, Truist, Citi, and Morgan Stanley are also participants in the facility.

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