Yext, Inc., the leading digital presence platform for multi-location brands, announced the successful closing of a $200 million senior secured term loan facility with funds managed by BlackRock. This new financing provides Yext with enhanced capital flexibility to accelerate growth initiatives and pursue strategic acquisitions.

Replacing its revolving credit facility with Silicon Valley Bank—which was due to expire at the end of 2025—this refinancing optimizes Yext’s debt structure while positioning the company to capitalize on favorable market conditions.

• $200 million senior secured term loan: Provides robust capital resources for growth and acquisition opportunities.

• Refinancing strategy: Replaces prior credit facility to extend maturity and improve debt terms.

• Support from BlackRock: Demonstrates confidence in Yext’s market position and strategic direction.

• Financial outlook update: Yext expects its fiscal Q1 2026 results (ending April 30, 2025) to exceed prior guidance.

Leadership Commentary

Michael Walrath, CEO and Chair of the Board at Yext, stated,
"This financing reflects the strength of Yext’s business and the scale of opportunity ahead. With BlackRock’s support, we’re focusing on disciplined growth, investing in products, partnerships, and strategic moves to 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’s $200 million term loan facility with BlackRock marks a significant step in securing capital to support its long-term growth strategy and strategic acquisitions. This proactive refinancing enhances the company’s financial agility while reinforcing confidence in its market leadership and future prospects.