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0 -0.00588235294117647 -0.0115294117647059 -0.00588235294117647 0 0.000235294117647033 -0.0500000000000001 -0.0735294117647059
Stock impact report

Pathlight Capital Serves as Administrative Agent on $415,000,000 Senior Secured Credit Facility for SelectQuote, Inc. [Yahoo! Finance]

SelectQuote, Inc. (SLQT) 
Company Research Source: Yahoo! Finance
Agent on a $415 million senior secured credit facility for SelectQuote, Inc. ("SelectQuote," "SLQT" or the "Company"), a distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform. As part of the facility, Pathlight underwrote and provided a $325 million term loan. Proceeds from the credit facility will be used to refinance existing debt and support ongoing working capital needs. "Having built a compelling and diversified business in a complex industry, we are confident that the SelectQuote team is well positioned for its next phase of growth, and we look forward to supporting them," said Tyler Harrington, Managing Director at Pathlight Capital. "We are extremely pleased to partner with Pathlight on this strategically important new financing," said Tim Danker, SelectQuote's Chief Executive Officer. "This funding lowers our cost of capital, improves liquidity and provides SelectQuote capital flexibility to invest in the growth of our in Show less Read more
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