Zeta Global Announces $1.0B Five-Year Credit Facility

What Happened
Zeta Global Holdings Corp. announced on July 24, 2026 that its subsidiary Zeta Global Corp. entered into a five-year, $1.0 billion senior secured credit agreement with Bank of America, N.A. as administrative agent. The facility includes a $250.0 million Term Loan A and a $750.0 million revolving credit line and replaces the company’s prior credit agreement after the company repaid $200.0 million of outstanding obligations under the previous deal.

Key Details

• Total facility: $1.0 billion (Term Loan A: $250M; Revolving Credit Facility: $750M).
• Effective date / closing: July 24, 2026; press release issued July 27, 2026.
• Interest: Borrowings priced at either SOFR + 1.75%–2.50% or Base Rate + 0.75%–1.50%, depending on the company’s Consolidated Net Leverage Ratio.
• Financial covenant: Maintain Consolidated Net Leverage Ratio ≤ 3.25:1.00 (temporary step-up to 3.75:1.00 for four quarters after any acquisition ≥ $100M).
• Concurrent action: The company repaid ~$200.0M and terminated commitments under the prior (August 30, 2024) credit agreement.

Why It Matters
This refinancing establishes Zeta’s committed liquidity and updates borrowing terms and covenants that affect leverage and flexibility. The size of the revolver ($750M) supports working capital and potential M&A or operational needs, while the leverage covenant defines a target cap on debt levels that investors can monitor. Interest pricing tied to SOFR or Base Rate and the specified leverage thresholds are key items investors should watch when assessing Zeta’s future cash interest costs and balance sheet capacity.