{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-088667","form_type":"8-K","ticker":null,"cik":"0000814549","company_name":"EBIX INC","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.055966+00:00","generated_at":"2026-06-04T02:02:20.106836+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Ebix completes sale of NA Life & Annuity assets to Zinnia for $386.5M","bullets":["Sold NA Life & Annuity assets to Zinnia Distributor Solutions for adjusted preliminary purchase price of $386.5M.","Net proceeds used to repay ~$93M of DIP financing and cover sale expenses; balance held pending court approval.","Bankruptcy Court approved sale on Feb 16, 2024; no other qualifying bids received, so no auction held.","Stalking horse APA amended April 1, 2024 to add $8M tax holdback and adjust purchase price.","Company remains in Chapter 11; equity holders warned of possible total loss."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-088667","json":"https://secwatch.observer/filing/0001193125-24-088667.json","markdown":"https://secwatch.observer/filing/0001193125-24-088667.md","text":"https://secwatch.observer/filing/0001193125-24-088667.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814549/000119312524088667/0001193125-24-088667-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814549/000119312524088667/d806340d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:02:20.106836+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ebdcb9ad00c8d1d78ebfb1c4fefc3cfd4cd9d028","claim":"EBIX INC completed a disposition involving Zinnia Distributor Solutions, LLC for $386.5 million (closed 2024-04-01).","evidence_excerpt":"thereby completing the disposition of the aforementioned assets on April 1, 2024. In connection with the sale of the NA L&A Assets, the adjusted preliminary Purchase Price of $386.5 million was paid by the Purchaser and the net proceeds were (i) used to pay down the drawn DIP (including the “rolled up” portion of the pre-petition DIP) in the amount of approximately","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/814549/000119312524088667/0001193125-24-088667-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Zinnia Distributor Solutions, LLC"},{"label":"Consideration","value":"$386.5 million"},{"label":"Closing","value":"2024-04-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}