ZoomInfo Technologies Inc.GTM

ZoomInfo Technologies Inc. Debt Disclosure

10-KFiled Feb 12, 20263 min read
Note 6 - Financing Arrangements
As of December 31, 2025 and 2024, the carrying values of the Company’s borrowings were as follows (in millions):
December 31,
InstrumentDate of IssuanceMaturity DateElected Interest Rate20252024
First Lien Term LoanFebruary 1, 2019February 28, 2030
SOFR + 1.75%
$579.3 $584.6 
First Lien Revolving Credit FacilityFebruary 1, 2019February 28, 2028
SOFR + 2.10%
100.0 — 
Senior NotesFebruary 2, 2021February 1, 20293.875%644.7 643.1 
Total debt$1,324.0 $1,227.7 
Less: current portion(5.9)(5.9)
Total Long-term debt, net of current portion$1,318.1 $1,221.8 
First Lien Credit Agreement
Performance of obligations under the First Lien Credit Agreement is secured by substantially all the productive assets of the Company. The First Lien Credit Agreement contains a number of covenants that restrict, subject to certain exceptions, the Company’s ability to, among other things:
•Incur additional indebtedness;
•Create or incur liens;
•Engage in certain fundamental changes, including mergers or consolidations;
•Sell or transfer assets;
•Pay dividends and distributions on our subsidiaries’ capital stock;
•Make acquisitions, investments, loans or advances;
•Engage in certain transactions with affiliates; and
•Enter into negative pledge clauses and clauses restricting subsidiary distributions.
If the Company draws more than $87.5 million of the First Lien Revolving Credit Facility, the revolving credit loan is subject to a springing financial covenant pursuant to which the Consolidated First Lien Net Leverage Ratio must not exceed 5.00 to 1.00. The credit agreements also contain certain customary affirmative covenants and events of default, including a change of control. If an event of default occurs, the lenders under the credit agreements will be entitled to take various actions, including the acceleration of amounts due under the credit agreements and all actions permitted to be taken by a secured creditor.
First Lien Term Loan
In June 2024, we entered into an amendment to our existing First Lien Credit Agreement (the “Seventh Amendment”), pursuant to which the Company completed a repricing of its First Lien Term Loan, which decreased the applicable rate for Base Rate loans from 1.25% to 0.75% and SOFR based loans from 2.25% to 1.75%. Under the terms of the Seventh Amendment, the Company is obligated to make principal payments in the amount of 0.25% of the aggregate outstanding amount as of the latest amendment.
The effective interest rate on the First Lien Term Loan was 5.71% and 6.56% as of December 31, 2025 and 2024, respectively.
First Lien Revolving Credit Facility
In October 2025, $11.0 million of the non-extended commitments were extended to a maturity date of February 28, 2028, such that the total $250.0 million existing commitments will mature on the same date.
In May 2025, the Company drew $100.0 million of the $250.0 million available under its First Lien Revolving Credit Facility. The proceeds from the borrowing are intended to be used to fund our ongoing Share Repurchase Program. The First Lien Revolving Credit Facility has a variable interest rate whereby the Company can elect to use a Base Rate or SOFR, plus an applicable rate. The applicable margin is 1.00% to 1.25% for Base Rate loans. The applicable margin for SOFR loans is 2.10% to 2.35%, which includes the credit spread adjustment of 0.1%, depending on the Company’s Consolidated First Lien Net Leverage Ratio.
The expected future principal payments for all borrowings as of December 31, 2025 is as follows:
(in millions)Contractual Maturity
2026$5.9 
20275.9 
2028105.9 
2029655.9 
2030558.6 
Thereafter— 
Total principal payments$1,332.2 
Unamortized debt issuance costs(8.2)
Total debt$1,324.0 
Free Sentinel

Want the next ZoomInfo Technologies Inc. debt disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment ZoomInfo Technologies Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Debt Disclosures

Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.

Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsCommitmentsStock CompensationNew StandardsPay vs Performance