Item 1.01 Entry into a Material Definitive Agreement.
Supplemental Indenture with respect to Additional 3.875% Senior Notes due 2029 OnJuly 15, 2021 ,ZoomInfo Technologies LLC (the "Issuer") andZoomInfo Finance Corp. (together with the Issuer, the "Issuers"), indirect subsidiaries ofZoomInfo Technologies Inc. (the "Company"), issued and sold$300.0 million aggregate principal amount of additional 3.875% Senior Notes due 2029 (the "Additional Notes"), which mature onFebruary 1, 2029 , pursuant to a supplemental indenture, dated as ofJuly 15, 2021 (the "Supplemental Indenture"), by and among the Issuers, the guarantors named on the signature pages thereto (the "Guarantors") and Wells Fargo, National Association, as trustee (the "Trustee"), to the Indenture, dated as ofFebruary 2, 2021 (as supplemented by the Supplemental Indenture, the "Indenture"), by and among the Issuers, the Guarantors and the Trustee, governing the 3.875% Senior Notes due 2029 that were issued onFebruary 2, 2021 (the "Existing Notes"). The Additional Notes will be treated as a single series with the Existing Notes and will have the same terms as those of the Existing Notes, except that the Additional Notes have a different issue date and different issue price. The Additional Notes and the Existing Notes will vote as one class under the Indenture. The Additional Notes were sold withinthe United States only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outsidethe United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The net proceeds from the Additional Notes are expected to be used, together with the net proceeds from the expected amendment (the "Credit Agreement Amendment") toZoomInfo LLC's (the "Borrower") existing first lien credit agreement, by and among the Borrower, the Issuer as co-borrower (the "Co-Borrower"),ZoomInfo Midco LLC , the Guarantors party thereto, the lenders party thereto andMorgan Stanley Senior Funding, Inc. , as administrative agent, collateral agent and L/C issuer, that is expected to provide for, among other things, the incurrence of an additional$200 million aggregate principal amount of additional term loans, (i) to repay$225 million of outstanding borrowings under the revolving credit facility which were used to pay a portion of the consideration for the previously announced acquisition ofAffectLayer Inc. d/b/a Chorus.ai (the "Acquisition") and (ii) to pay fees and expenses related to this offering, the Credit Agreement Amendment, and the Acquisition, and (iii) the remainder for general corporate purposes. The effectiveness of the Credit Agreement Amendment is subject to market and other customary closing conditions, and there is no guarantee the Credit Agreement Amendment will be entered into on the terms expected, within the expected time frame, or at all. Each of the foregoing descriptions of each of the Indenture, the Supplemental Indenture and the Notes do not purport to be complete and are qualified in their entirety by reference to the full text of each of such documents, which are filed as Exhibits 4.1, 4.2 and 4.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item 8.01. Other Events.
OnJuly 13, 2021 ,ZoomInfo Technologies Inc. (the "Company") issued a press release announcing that the Issuers priced the previously announced offering (the "Offering") of$300 million in aggregate principal amount of Additional Notes. The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. -------------------------------------------------------------------------------- OnJuly 15, 2021 , the Issuers completed the Offering. The Issuers and the Borrower intend to use the net proceeds from the Offering and the Credit Agreement Amendment to (i) repay$225 million of outstanding borrowings under the revolving credit facility which were used to pay a portion of the consideration for the Acquisition, (ii) pay fees and expenses related to this offering, the Credit Agreement Amendment, and the Acquisition, and (iii) use the remainder for general corporate purposes. This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
FORWARD-LOOKING STATEMENTS
This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical facts. In some cases, you can identify these forward-looking statements by the use of words such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "objective," "outlook," "plan," "potential," "predict," "projection," "seek," "should," "target," "trend," "will," "would" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These forward-looking statements include any statements regarding the intended use of proceeds from the Offering and the Credit Agreement Amendment. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the Company's Annual Report on Form 10-K for the year endedDecember 31, 2020 and other reports filed by the Company from time to time with theSecurities and Exchange Commission ("SEC"), which are accessible on theSEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included such filings. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following documents are herewith filed as exhibits to this report:
Exhibit No. 4.1 Indenture, dated as of February
2, 2021, by and among
Technologies LLC , ZoomInfo Finance
Corp., the guarantors named on
the signature pages thereto, and
as trustee (filed as Exhibit 4.1 to
the Company's Form 8-K filed
with theSEC onFebruary 2, 2021 ) 4.2 Supplemental Indenture, dated as
of
ZoomInfo Technologies LLC ,ZoomInfo
named on the signature pages
thereto, and Wells Fargo National
Association, as trustee 4.3 Form of 3.875% Senior Note due 2029 (included in Exhibit 4.1) 99.1 Press release datedJuly 13, 2021 with respect to the Offering
-------------------------------------------------------------------------------- Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.ZoomInfo Technologies Inc. Date:July 15, 2021 By: /s/Anthony Stark Name :Anthony Stark Title: General Counsel and Corporate Secretary
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