Zeta Global Secures $550M Loan Facility to Refinance Debt and Lower Credit Costs
Portfolio Pulse from Benzinga Newsdesk
Zeta Global has secured a $550 million loan facility to refinance its existing debt and reduce credit costs. The facility includes a $200 million Term Loan A and a $350 million Revolving Credit Facility, which is currently undrawn.
September 03, 2024 | 10:33 am
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Zeta Global has secured a $550 million loan facility to refinance its existing debt and lower credit costs, potentially improving its financial stability and reducing interest expenses.
The new loan facility allows Zeta Global to refinance its existing debt, which can lead to lower interest expenses and improved financial stability. This is a positive development for the company, likely to be viewed favorably by investors.
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