---
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"
generated_at: "2026-06-04T02:02:20.106836+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Ebix completes sale of NA Life & Annuity assets to Zinnia for $386.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-088667
- form_type: 8-K
- cik: 0000814549
- company_name: EBIX INC
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-088667
- JSON: https://secwatch.observer/filing/0001193125-24-088667.json
- Plain text: https://secwatch.observer/filing/0001193125-24-088667.txt

## Key facts
- M&A Transactions
  EBIX INC completed a disposition involving Zinnia Distributor Solutions, LLC for $386.5 million (closed 2024-04-01).
  - Action: disposition
  - Counterparty: Zinnia Distributor Solutions, LLC
  - Consideration: $386.5 million
  - Closing: 2024-04-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524088667/0001193125-24-088667-index.htm

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