Yext, Inc., the leading digital presence platform for multi-location brands, announced that it has closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock, providing the company with enhanced flexibility to support its growth initiatives and strategic objectives.
Proceeds of the facility will be used to support growth initiatives and pursue strategic acquisitions. This transaction replaces Yext’s revolving credit facility with Silicon Valley Bank, which was set to expire at the end of 2025.
By proactively refinancing, Yext has increased its access to capital while taking advantage of favorable market conditions to optimize its debt structure. The facility provides additional flexibility to execute on the company’s long-term strategy while maintaining a disciplined approach to leverage.
“This financing reflects the strength of Yext’s business and the scale of opportunity ahead,” said Michael Walrath, CEO and Chair of the Board at Yext. “With BlackRock’s support, we’re sharpening our focus on disciplined growth, investing in the products, partnerships, and strategic moves that will expand our leadership in digital presence management. This facility strengthens our balance sheet and gives us the flexibility to act decisively as opportunities arise.”
First Quarter Fiscal Year 2026 Outlook
Today, Yext updated its financial outlook and now expects its results for the fiscal 2026 first quarter ended April 30, 2025 to be above its previously stated guidance ranges as provided in its quarterly shareholder letter dated March 5, 2025.
For more such updates, follow us on Google News Martech News