ICE and Black Knight agree to sell Optimal Blue to Constellation for $700M to address FTC concerns

Intercontinental Exchange, Inc.

Purchase price $700M: $200M cash plus $500M promissory note at 7% interest, maturing in 40 years.
Divestiture contingent on closing of ICE's Black Knight acquisition and prior closing of Empower LOS sale.
Action taken to address FTC antitrust litigation against the ICE/Black Knight merger.
Constellation guarantees payment; Constellation Web Solutions guarantees performance obligations.
Termination possible if deal not closed by Sept 30, 2024, or if Merger Agreement terminates.

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