Yext Inc., the leading digital presence platform for multi-location brands, has secured a $200 million senior secured term loan facility from funds and accounts managed by BlackRock. This agreement provides Yext with enhanced flexibility to support its growth initiatives and pursue strategic acquisitions, replacing the company's revolving credit facility with Silicon Valley Bank, which was set to expire at the end of 2025. By refinancing, Yext has optimized its debt structure and increased access to capital under favorable market conditions. CEO Michael Walrath stated that the financing underscores Yext's business strength and strategic opportunities, allowing the company to focus on disciplined growth and expanding its leadership in digital presence management.
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