secwatch.observer — SEC 8-K summary
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Issuer:     NEW RELIC, INC. (—)
CIK:        0001448056
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001193125-23-273042
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Francisco Partners and TPG complete $6.5B acquisition of New Relic at $87.00/share
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- All-cash deal valued at $87.00 per share; equity valuation approximately $6.5 billion.
- Stockholders approved merger on Nov 1, 2023; transaction closed Nov 8, 2023.
- New Relic common stock (NEWR) ceased trading on NYSE; company becomes private.
- Board of directors replaced; David Barter, Drew Delmonico, Thomas Lloyd, Lauren Walz appointed.
- Parent entered $2.4B credit agreement with Blue Owl Capital to finance the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448056/000119312523273042/0001193125-23-273042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448056/000119312523273042/d469974d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-273042

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