ZoomInfo Announces Pricing of $350 Million of 3.875% Senior Notes Due 2029

Rhea-AI Summary

ZoomInfo Technologies has announced the pricing of $350 million in 3.875% Senior Notes due 2029, raised from an initial $300 million offering. The funds will be utilized to reduce outstanding borrowings from its first lien term loan facility. The offering will close on February 2, 2021, contingent on customary conditions. Importantly, these Notes are not registered under the Securities Act and will only be offered to qualified institutional buyers and non-U.S. persons in compliance with relevant regulations. Forward-looking statements concerning proceeds and closing risks are included.

Positive

• Increased offering of Senior Notes from $300 million to $350 million.
• Proceeds will be used to repay part of outstanding debt, potentially improving financial stability.

Negative

• Notes are not registered under the Securities Act, limiting market access.
• Forward-looking statements carry inherent risks and uncertainties that may affect outcomes.

ZoomInfo Technologies Inc. (“ZoomInfo”) today announced that its indirect subsidiaries ZoomInfo Technologies LLC and ZoomInfo Finance Corp. (the “Issuers,” and, together with ZoomInfo, the “Company”) have priced their previously announced offering of $350.0 million aggregate principal amount of 3.875% Senior Notes due 2029 (the “Notes”), which represents an increase of $50.0 million from the previously announced offering of $300.0 million. The Company intends to use the proceeds from the offering, together with cash on hand, to repay a portion of outstanding borrowings under its first lien term loan facility and to pay fees and expenses incurred in connection with the offering. The offering of the Notes is expected to close on February 2, 2021, subject to customary closing conditions.

The Notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered, by the initial purchasers, only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

This press release is being issued pursuant to Rule 135(c) under the Securities Act, and it is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “objective,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “trend,” “will,” “would” or the negative version of these words or other comparable words. These forward-looking statements include any statements regarding the intended use of proceeds from the Notes offering and the closing of the Notes offering. Such forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in ZoomInfo’s Prospectus filed pursuant to Rule 424(b)(4) of the Securities Act on December 2, 2020. Such factors may be updated from time to time in ZoomInfo’s periodic filings with the Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included such filings. ZoomInfo undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128006154/en/

FAQ

What is the amount of the Senior Notes offering by ZoomInfo (ZI)?

ZoomInfo has priced its Senior Notes offering at $350 million.

What is the interest rate on the Senior Notes due in 2029 for ZoomInfo (ZI)?

The Senior Notes have an interest rate of 3.875%.

When is the expected closing date for ZoomInfo's (ZI) Notes offering?

The Notes offering is expected to close on February 2, 2021.

What will the proceeds from ZoomInfo's (ZI) Senior Notes be used for?

Proceeds will be used to repay a portion of outstanding borrowings under its first lien term loan facility.

Who can purchase the Senior Notes offered by ZoomInfo (ZI)?

The Notes are offered only to qualified institutional buyers and non-U.S. persons.