Yext, Inc. (NYSE: YEXT) has secured 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. The 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.
Yext’s CEO and Chair of the Board, Michael Walrath, stated, “This financing reflects the strength of Yext’s business and the scale of opportunity ahead. 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.”
Yext has also updated its financial outlook for the fiscal 2026 first quarter ended April 30, 2025, expecting its results to be above its previously stated guidance ranges as provided in its quarterly shareholder letter dated March 5, 2025. As a result of these announcements, the company's shares have moved -1.59% on the market, and are now trading at a price of $6.751. For the full picture, make sure to review Yext's 8-K report.
