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0 0 0 0 0.0446009389671362 -0.00704225352112661 -0.00704225352112661 -0.00546948356807509
Stock impact report

SelectQuote Closes $350 Million Strategic Investment from Bain Capital, Morgan Stanley Private Credit and Newlight Partners [Yahoo! Finance]

SelectQuote, Inc. (SLQT) 
Company Research Source: Yahoo! Finance
policies and owner of a rapidly-growing healthcare services platform, today announced that the Company closed and received the proceeds from the $350 million strategic investment on February 28, 2025. The Company originally announced a binding agreement on the transaction with funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners on February 10th. The Company used $260 million of proceeds to pay down its outstanding term loan. The Company now has more than $100 million of available liquidity as it continues to focus on its industry-leading insurance distribution businesses and rapidly expanding healthcare services business. With the completion of this transaction, SelectQuote also appointed Chris Wolfe of Bain Capital Insurance and Srdjan Vukovic of Newlight Partners to the Board of Directors, each bringing over 20 years of investing and healthcare sector experience to the Company. For more information on this transaction, please reference the Compa Show less Read more
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