Ziff Davis adds $250 million to revolving credit facility and extends maturity to 2027
Ziff Davis entered into a Joinder and Amendment to its credit agreement on June 18, 2024, increasing the revolving loan commitment by $250 million, adding JPMorgan Chase and Citibank as lenders, and extending the scheduled maturity date. The amendment also lowers the SOFR credit spread adjustment to 0.10% and allows borrowings to repay or refinance the company's 1.75% Convertible Senior Notes due 2026.
- Revolving loan commitment increased by $250,000,000; JPMorgan Chase Bank, N.A. and Citibank N.A. added as new lenders
- Scheduled maturity extended from April 7, 2026 to the earlier of June 7, 2027 or, in limited circumstances, August 2, 2026
- SOFR credit spread adjustment reduced to 0.10% across all interest period tenors
- Loans may be drawn to repay or refinance the 1.75% Convertible Senior Notes due 2026