Edited Release
NEW YORK — Yext, Inc. (NYSE: YEXT), a digital presence platform for multi-location brands, announced it has closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock. The facility enhances Yext’s capital structure and provides liquidity to pursue growth and strategic opportunities.
The new facility replaces Yext’s previous revolving credit line with Silicon Valley Bank, which was set to expire at the end of 2025. By proactively refinancing, Yext has expanded its access to capital under more favorable terms.
“This financing reflects the strength of Yext’s business and the scale of opportunity ahead,” said Michael Walrath, CEO and Chair of the Board at Yext. “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.”
Proceeds from the loan will be used to fund product development, strategic acquisitions, and general corporate initiatives.
First Quarter Fiscal 2026 Outlook
Yext also announced that it expects its results for the first quarter of fiscal 2026 (ended April 30, 2025) to exceed its previously issued guidance, as stated in its March 5 shareholder letter.
For more details, visit the Yext Investor Relations page.
