Yext (YEXT) said Wednesday it closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock (BLK).
This new facility replaces Yext's revolving credit facility with Silicon Valley Bank, which was set to expire in late 2025, the company said.
In conjunction with the loan, Yext updated its financial outlook, saying it now expects fiscal Q1 results, which ended April 30, to exceed its previously issued guidance provided in early March.
Shares of Yext were up more than 3% in recent early trading.
Price: 7.09, Change: +0.23, Percent Change: +3.35
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。