ZoomInfo launches $596 million term loan B at SOFR plus 225-250 bps

By Sara Rosenberg

New York, Nov. 27 – ZoomInfo LLC was scheduled to hold a lender call at 1 p.m. ET on Monday to launch a $595.5 million senior secured covenant-lite first-lien term loan B due Feb. 1, 2030 (Ba1/BB+) that is talked at SOFR plus 225 basis points to 250 bps with a 0% floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, amortization of 1% per annum and 0 bps CSA, the source said.

Morgan Stanley Senior Funding Inc. is the left lead arranger and administrative agent on the deal.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used to reprice an existing term loan B down from SOFR+10 bps CSA plus 275 bps with a 0% floor.

ZoomInfo is a Vancouver, Wash.-based provider of sales and marketing data.

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