Zeta Global closes $550M loan facility to refinance debt

Zeta Global said it has closed a $550M loan facility to refinance its existing debt and lower its credit spreads. “We are pleased to announce this proactive refinancing agreement, which reduces our cost of capital and strengthens our liquidity,” said David Steinberg, CEO of Zeta. “Our model remains the same with our core value proposition of data and AI driving strong organic growth. This increased flexibility allows us to remain opportunistic for tuck-in acquisitions that we expect to meet our criteria which includes: Fully integrate into our platform in less than a year, Be accretive from day 1, Possess clear synergies across combined customer bases, and Grow the acquired business at faster pace than our overall organic growth rate.”