{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-082231","form_type":"8-K","ticker":null,"cik":"0001739942","company_name":"SolarWinds Corp","filed_at":"2025-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.529893+00:00","generated_at":"2026-05-23T13:30:23.646872+00:00","sec_items":["1.01","1.02","2.01","2.03","3.01","3.03","5.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"SolarWinds acquired by Turn/River for $18.50/share in $4.4B deal; stock delisted","bullets":["Merger closed April 16, 2025; shareholders get $18.50 cash per share; total enterprise value $4.4B.","SolarWinds common stock ceased trading on NYSE; company becomes privately held.","Financing includes $2.225B first-lien term loan, $525M second-lien term loan, and $200M revolver.","Board changes: Sudhakar Ramakrishna stays as CEO; new directors appointed from Turn/River.","Total consideration to stockholders approx $3.206B; equity and debt funded by investor group."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-082231","json":"https://secwatch.observer/filing/0001193125-25-082231.json","markdown":"https://secwatch.observer/filing/0001193125-25-082231.md","text":"https://secwatch.observer/filing/0001193125-25-082231.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/0001193125-25-082231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/d938698d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T13:30:23.646872+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":"4d394e99689a7d05b23a6e1aa1d63535a79a807a","claim":"SolarWinds 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and Michael Widmann resigned from the Board of Directors of the Company (the “ Board ”) and any committees of the Board on which they served and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/0001193125-25-082231-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"1fdad8d219","claim":"Easwaran Sundaram resigned as Director at SolarWinds Corp.","evidence_excerpt":"In accordance with the terms of the Merger Agreement, effective upon completion of the Merger, each of Sudhakar Ramakrishna, Cathleen Benko, William Bock, Kenneth Hao, Dennis Howard, Catherine Kinney, Doug Smith, Easwaran Sundaram and Michael Widmann resigned from the Board of Directors of the Company (the “ Board ”) and any committees of the Board on which they served and 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The total amount of consideration payable to the Company’s stockholders in connection with the Merger was approximately $3.206 billion. The funds used by Parent to consummate the Merger and complete the related transactions came from equity contributions from the Investor Group and the proceeds received in","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/0001193125-25-082231-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Starlight Parent, LLC (an affiliate of Turn/River Capital)"},{"label":"Consideration","value":"total consideration of approximately $3.206 billion"},{"label":"Closing","value":"2025-04-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}