---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-237753"
form_type: "8-K"
ticker: null
cik: "0001627014"
company_name: "Black Knight, Inc."
filed_at: "2023-09-20T23:59:59+00:00"
generated_at: "2026-06-10T12:05:23.383857+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Black Knight completes sale of Optimal Blue ($700M) and Empower (~$40M) to Constellation subsidiaries

## Summary
- Optimal Blue sold for $700M: $200M cash plus $500M promissory note at 7% annual interest, maturing in 40 years.
- Empower LOS business sold for ~$40M in cash; both transactions closed Sept 14, 2023.
- Divestitures required to address FTC antitrust concerns related to ICE merger (closed Sept 5, 2023).
- Pro forma financials show revenue reduction of $185.2M for six months ended June 30, 2023, net of divested businesses.
- Black Knight must transfer the $500M note to a third party within six months of closing.

## SEC filing metadata
- accession: 0001193125-23-237753
- form_type: 8-K
- cik: 0001627014
- company_name: Black Knight, Inc.
- filed_at: 2023-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/0001193125-23-237753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/d413154d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-237753
- JSON: https://secwatch.observer/filing/0001193125-23-237753.json
- Plain text: https://secwatch.observer/filing/0001193125-23-237753.txt

## Key facts
- M&A Transactions
  Black Knight, Inc. completed a disposition involving Project Badger Holdco Inc. for $200 million in cash plus a $500 million promissory note (closed 2023-09-14).
  - Action: disposition
  - Counterparty: Project Badger Holdco Inc.
  - Consideration: $200 million in cash plus a $500 million promissory note
  - Closing: 2023-09-14
  source text: a Delaware corporation (“ ICE ”). The purchase price payable by OB Purchaser to Black Knight under the OB Divestiture Agreement was approximately $700 million, comprised of $200 million in cash, subject to specified adjustments, and a promissory note issued by OB Purchaser to Black Knight in the principal amount of $500 million (the “ Note ”). The Note accrues
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/0001193125-23-237753-index.htm
- M&A Transactions
  Black Knight, Inc. completed a disposition involving Constellation Web Solutions Inc. for approximately $40 million in cash (closed 2023-09-14).
  - Action: disposition
  - Counterparty: Constellation Web Solutions Inc.
  - Consideration: approximately $40 million in cash
  - Closing: 2023-09-14
  source text: for the purposes set forth in the Empower Divestiture Agreement, ICE. The purchase price payable by CWS to Black Knight under the Empower Divestiture Agreement was approximately $40 million in cash, subject to specified adjustments. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION The following
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/0001193125-23-237753-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.