Item 1.01 Entry into a Material Definitive Agreement.
First Lien Credit Agreement Amendment OnJuly 20, 2021 ,ZoomInfo LLC (the "Borrower") entered into an amendment (the "Credit Agreement Amendment"), by and among the Borrower,ZoomInfo Technologies LLC , as the co-borrower (the "Co-Borrower"),ZoomInfo Midco LLC ("Holdings"), the other guarantors party thereto,Morgan Stanley Bank, N.A. , as the 2021-1 incremental first lien term loan lender, andMorgan Stanley Senior Funding, Inc. , as administrative agent, collateral agent and L/C issuer, to the Borrower's existing first lien credit agreement, dated as ofFebruary 1, 2019 , by and among the Borrower, the Co-Borrower, Holdings, the lenders from time to time party thereto andMorgan Stanley Senior Funding, Inc. , as administrative agent, collateral agent and L/C issuer (as amended by that certain Amendment No. 1, dated as ofFebruary 19, 2020 , as further amended by that certain Amendment No. 2 dated as ofFebruary 2, 2021 , and as further amended by the Credit Agreement Amendment, the "First Lien Credit Agreement"), that provided for, among other things, the incurrence of an additional$200.0 million aggregate principal amount of additional term loans under the First Lien Credit Agreement. The net proceeds from the Credit Agreement Amendment were used, together with the net proceeds from the previously announced offering (the "Offering") by theCo-Borrower and ZoomInfo Finance Corp. of$300.0 million aggregate principal amount of 3.875% Senior Notes due 2029, 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 previously announced acquisition ofAffectLayer Inc. d/b/a Chorus.ai (the "Acquisition"), and (ii) pay fees and expenses related to the Credit Agreement Amendment, the Offering and the Acquisition, and the remainder is expected to be used for general corporate purposes. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
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.
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. 10.1 Amendment No. 3 to First Lien
Credit Agreement, dated
2021, by and amongZoomInfo LLC
(f/k/a
Delaware limited liability company
(the "Borrower"),
Technologies LLC , aDelaware
limited liability company (the
"Co-Borrower"),ZoomInfo Midco LLC (f/k/aDiscoverOrg Midco, LLC ), aDelaware limited liability company ("Holdings"),Morgan Stanley Bank, N.A. , as the 2021-1 incremental first lien term loan lender andMorgan Stanley Senior Funding, Inc. , as administrative agent, collateral agent and L/C issuer
-------------------------------------------------------------------------------- Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ZoomInfo Technologies Inc. Date:July 20, 2021 By: /s/Anthony Stark Name :Anthony Stark Title: General Counsel and Corporate Secretary
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