secwatch.observer — SEC 8-K summary
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Issuer:     Black Knight, Inc. (—)
CIK:        0001627014
Form:       8-K
Filed at:   2023-09-20T23:59:59+00:00
Accession:  0001193125-23-237753
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/0001193125-23-237753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627014/000119312523237753/d413154d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-237753

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer