ZoomInfo launches $200 million add-on term loan at 99-99.5 OID

By Sara Rosenberg

New York, July 13 – ZoomInfo LLC held a lender call at noon ET on Tuesday to launch a $200 million add-on covenant-lite term loan B (Ba2/BB) due Feb. 1, 2026 that is talked with an original issue discount of 99 to 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 300 basis points with a 0% Libor floor, in line with existing term loan B pricing.

Amortization on the add-on term loan is 1% per annum.

Morgan Stanley Senior Funding Inc., Barclays and JPMorgan Chase Bank are the lead arrangers on the deal.

Commitments are due at noon ET on Thursday, the source added.

Proceeds will be used with $300 million of senior unsecured notes to repay revolving credit facility borrowings incurred to finance a portion of the roughly $575 million acquisition of Chorus.ai, to pay fees and expenses related to the transaction, to pay the tax gross up and for general corporate purposes.

ZoomInfo is a Vancouver, Wash.-based provider of sales and marketing data. Chorus is a San Francisco-based conversation intelligence platform.

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