10:04 AM EDT, 05/21/2025 (MT Newswires) -- Yext ( YEXT ) said Wednesday it closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock ( BLK ) .

This new facility replaces Yext's ( YEXT ) revolving credit facility with Silicon Valley Bank, which was set to expire in late 2025, the company said.

In conjunction with the loan, Yext ( YEXT ) updated its financial outlook, saying it now expects fiscal Q1 results, which ended April 30, to exceed its previously issued guidance provided in early March.

Shares of Yext ( YEXT ) were up more than 3% in recent early trading.

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