Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KnowBe4, Inc. incurred revolving credit of $125 million with Owl Rock Capital Corporation.
- Instrument
- revolving credit
- Principal
- $125 million
- Counterparty
- Owl Rock Capital Corporation
- Event
- incurrence
Exact text from the filing
(ii) a revolving loan facility in an aggregate principal amount equal to $125 million
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
KnowBe4, Inc. incurred term loan of $1 billion with Owl Rock Capital Corporation.
- Instrument
- term loan
- Principal
- $1 billion
- Counterparty
- Owl Rock Capital Corporation
- Event
- incurrence
Exact text from the filing
New Credit Agreement On the Closing Date, Parent, as the borrower, entered into that certain Credit Agreement with Owl Rock Capital Corporation, as administrative agent and collateral agent, the lenders from time to time party thereto and the other guarantors from time to time party thereto (the “ Credit Agreement ”), which provides for (i) a term loan facility in an aggregate principal amount equal to $1 billion and (ii) a revolving loan facility in an aggregate principal amount equal to $125 million.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth Knuppel was appointed as Director at KnowBe4, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the following persons became directors of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nadeem Syed, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Klausmeyer resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerhard Watzinger resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Prickel was appointed as Director at KnowBe4, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the following persons became directors of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nadeem Syed, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael E. Fosnaugh was appointed as Director at KnowBe4, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the following persons became directors of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nadeem Syed, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rod Aliabadi was appointed as other_named_officer at KnowBe4, Inc..
- Action
- became officer
Exact text from the filing
Effective upon completion of the Merger, the following persons became officers of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael E. Fosnaugh was appointed as other_named_officer at KnowBe4, Inc..
- Action
- became officer
Exact text from the filing
Effective upon completion of the Merger, the following persons became officers of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Prickel was appointed as other_named_officer at KnowBe4, Inc..
- Action
- became officer
Exact text from the filing
Effective upon completion of the Merger, the following persons became officers of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rod Aliabadi was appointed as Director at KnowBe4, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the following persons became directors of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nadeem Syed, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shrikrishna Venkataraman resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Shanley resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeremiah Daly resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth Knuppel was appointed as other_named_officer at KnowBe4, Inc..
- Action
- became officer
Exact text from the filing
Effective upon completion of the Merger, the following persons became officers of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nadeem Syed was appointed as Director at KnowBe4, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
the following persons became directors of the Company: Michael E. Fosnaugh, Rod Aliabadi, Nadeem Syed, Nicholas Prickel and Elizabeth Knuppel
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kara Wilson resigned as Director at KnowBe4, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
The following persons, who were directors of the Company immediately prior to the completion of the Merger, voluntarily resigned from the board of directors of the Company (the “ Board ”) and the committees of the Board on which they served, if any, at the Effective Time: Jeremiah Daly, Kevin Klausmeyer, Stephen Shanley, Shrikrishna Venkataraman, Gerhard Watzinger and Kara Wilson.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
KnowBe4, Inc. underwent a change of control involving Vista Equity Partners for approximately $4.6 billion (closed 2023-02-01).
- Action
- change of control
- Counterparty
- Vista Equity Partners
- Consideration
- approximately $4.6 billion
- Closing
- 2023-02-01
Exact text from the filing
the Company became a wholly owned subsidiary of Parent. The total amount of consideration payable to the Company’s equityholders in connection with the Merger was approximately $4.6 billion. The funds used by Parent to consummate the Merger and complete the related transactions came from equity contributions from the invested funds affiliated with Vista Funds and
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
KnowBe4, Inc. terminated Credit Agreement dated March 12, 2021 with Bank of America, N.A. valued at Termination of all credit commitments outstanding under the Credit Agreement.
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Termination of all credit commitments outstanding under the Credit Agreement
Exact text from the filing
Concurrently with the closing of the Merger, the Company paid all outstanding fees and expenses and terminated all credit commitments outstanding under that certain Credit Agreement, dated as of March 12, 2021, among, inter alia, the Company, certain subsidiaries of the Company, as guarantors, the lenders party thereto, and Bank of America, N.A., as administrative agent.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
KnowBe4, Inc. entered into Credit Agreement (New) with Owl Rock Capital Corporation valued at $1,000,000,000 term loan facility and $125,000,000 revolving loan facility.
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Owl Rock Capital Corporation
- Value
- $1,000,000,000 term loan facility and $125,000,000 revolving loan facility
Exact text from the filing
On the Closing Date, Parent, as the borrower, entered into that certain Credit Agreement with Owl Rock Capital Corporation, as administrative agent and collateral agent, the lenders from time to time party thereto and the other guarantors from time to time party thereto (the “ Credit Agreement ”), which provides for (i) a term loan facility in an aggregate principal amount equal to $1 billion and (ii) a revolving loan facility in an aggregate principal amount equal to $125 million.
View on SEC.gov
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