secwatch.observer — SEC 8-K summary
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Issuer:     Duckhorn Portfolio, Inc. (—)
CIK:        0001835256
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001193125-24-284941
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Butterfly Equity completes $1.95B acquisition of Duckhorn Portfolio at $11.10/share
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- Merger closed Dec 24, 2024; Duckhorn shareholders receive $11.10 cash per share.
- Equity value ~$1.6B; total transaction value ~$1.95B including assumed debt.
- Duckhorn common stock (NAPA) ceased trading and will be delisted from NYSE.
- New $900M term loan and $300M revolver credit facility entered at closing.
- Board and officers replaced; Butterfly affiliates now control Duckhorn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835256/000119312524284941/0001193125-24-284941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835256/000119312524284941/d915995d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-284941

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