SELECTQUOTE, INC. : conclusion of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, financial statements and exhibits (Form 8-K)

Item 1.01 Conclusion of a Material Definitive Agreement.

At 23 December 2021, SelectQuote, Inc. (the “Company”) entered into a third amendment (the “Third Amendment”) to its credit agreement, dated November 5, 2019, by and among the Company; Morgan Stanley Capital Administrators, Inc., as an administrative agent; some of the Company’s existing lenders; and other parts from time to time (as amended on February 24, 2021 and
November 2, 2021, the “Credit Agreement” and, as amended by the Third Amendment, the “Amended Agreement”). The third amendment modifies the credit agreement to, among other things, provide for a $ 35.0 million of capital committed under and on the same terms as the existing revolving credit facility (the “Revolving Credit Facility”) from certain new lenders who were not previously parties to the credit agreement (the “New Lenders”). Under the Third Amendment, each new lender received, on the effective date of the Third Amendment, a commitment fee equal to 0.50% of the total principal amount of the new lender’s loan commitments under the revolving credit facility. From December 27, 2021, the aggregate borrowing capacity under the revolving credit facility is $ 135.0 million.

The Company’s obligations under the Amended Agreement continue to be guaranteed by certain of the Company’s subsidiaries and secured by a security interest in all of the Company’s assets, subject to certain exceptions detailed in the Amended Agreement and the related documentation.

The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the terms of the Third Amendment, a copy of which is filed as Exhibit 10.1 of this current report on Form 8-K and is incorporated here by reference.

Item 2.03 Creation of a Direct Financial Obligation or Obligation under an Off-Balance Sheet Arrangement of a Registrant.

At 22 December 2021, the Company borrowed $ 245.0 million under the existing deferred drawing term loan facility (the “DDTL Facility”) available to the Company under the Credit Agreement. Material terms of the DDTL facility were disclosed in the company’s current report on Form 8-K filed with the Security and Trade Commission to November 4, 2021 and are incorporated herein by reference. From December 27, 2021, the remaining borrowing capacity under the DDTL facility is $ 100.0 million.

Item 9.01 Financial statements and supporting documents.

(d)  Exhibits
Exhibit No.               Description of Exhibit
  10.1                    Third Amendment to Credit Agreement
104                       Cover Page Interactive Data File (embedded within the Inline XBRL
                          document)


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