ZoomInfo Technologies to repay $370 million second-lien term loans

By Marisa Wong

Los Angeles, June 4 – ZoomInfo Technologies Inc. said it plans to repay all $370 million of its outstanding second-lien term loans and repay $35 million of outstanding borrowings under its first-lien revolving credit facility using proceeds from its initial public offering of class A common stock.

Funds from the stock sale will also be used to redeem outstanding series A preferred units of indirect subsidiary ZoomInfo Holdings LLC.

ZoomInfo, formally known as DiscoverOrg LLC, is a Vancouver, Wash.-based provider of sales and marketing data.

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