secwatch.observer — SEC 8-K summary
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Issuer:     Focus Financial Partners Inc. (—)
CIK:        0001651052
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001104659-23-097110
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Focus Financial completes CD&R/Stone Point acquisition; stock delisted at $53/share
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- Merger consideration of $53 per share in cash; aggregate payment to stockholders approx. $4.5B.
- Enterprise value in excess of $7B; deal funded by equity from CD&R and Stone Point and $500M incremental term loan.
- Company's Class A common stock ceased trading on Nasdaq; deregistration filed.
- Board resigned prior to merger effective time; new directors from acquirers appointed.
- New $500M senior secured term loan B-6 facility matures June 2028; SOFR+3.5% margin.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651052/000110465923097110/0001104659-23-097110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651052/000110465923097110/tm2325227d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097110

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