Zeta Global closes USD 1 billion credit facility to refinance existing loan
ZETA•Uses and financing partners
Proceeds are earmarked for mergers and acquisitions, share repurchases, and general corporate purposes. The financing also lowers credit spreads.
BofA Securities led the financing; Citi, JPMorgan, RBC Capital Markets, and Truist Securities acted as joint lead arrangers.
New credit facility replaces existing loan
Zeta Global closed a new USD 1 billion credit facility to refinance its existing USD 550 million facility.
The facility includes a USD 250 million Term Loan A, plus a USD 750 million revolving credit facility that was undrawn at closing.
