secwatch.observer — SEC 8-K summary
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Issuer:     QUINSTREET, INC (QNST)
CIK:        0001117297
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0000950103-26-000053
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuinStreet completes $115M acquisition of HomeBuddy, secures $150M credit facility
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- Closed acquisition of HomeBuddy for $115M cash at closing, plus $75M in equal annual installments over 4 years.
- Entered new $150M revolving credit facility with MUFG Bank, maturing Jan 2, 2031, to partially fund acquisition and for general corporate purposes.
- Credit facility bears interest at SOFR-based rate plus margin up to 2.75% or base rate plus up to 1.75%, with pricing tied to leverage ratio.
- Financial statements of HomeBuddy will be filed by amendment within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117297/000095010326000053/0000950103-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117297/000095010326000053/dp239503_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-000053

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