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Stock impact report

SelectQuote closes $415m credit facility, extends debt maturity [Yahoo! Finance]

SelectQuote, Inc. (SLQT) 
Company Research Source: Yahoo! Finance
The refinancing extends the company's term debt maturity to January 2031 and increases liquidity to support ongoing operations. Proceeds from the new term loan were used to fully repay all existing term debt, including amounts previously scheduled to mature in June 2026 and September 2027. Under the updated structure, the revolving credit facility has been increased to $90m during peak periods, up from $72m under the earlier arrangement. The term loan also features lower principal amortisation and provides greater flexibility for investment compared with SelectQuote's prior term debt, the group said. SelectQuote CEO Tim Danker said: “We are extremely pleased to announce this new financing agreement, which marks a significant milestone in the continued optimisation of our capital structure. As we emerge from another successful Medicare Annual Enrolment Period, this new financing agreement positions us well to continue to invest and grow our industry-leading senior health insur Show less Read more
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