Zix Corp.

NASDAQ:ZIXI   3:59:58 PM EDT
7.55
+0.38 (+5.30%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Zix Acquires Cloud-Based Backup And Recovery Provider CloudAlly

Published: 11/09/2020 22:21 GMT
Zix Corp (ZIXI) - Zix Acquires Leading Cloud-based Backup and Recovery Provider Cloudally.
Zix Corp - in Connection With Acquisition, Co Modified Existing Senior Secured Term Loan Led by Truist Bank.
Zix Corp - Modification Brings Total Outstanding Amount of Term Loan to $212.2 Million.
Zix Corp - on a Pro Forma Basis, Taking Into Effect the Acquisition, As of December 31, Co Expects to Have Over $20 Million of Cash and Cash Equivalents.