secwatch.observer — SEC 8-K summary
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Issuer:     SolarWinds Corp (—)
CIK:        0001739942
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001193125-25-082231
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

SolarWinds acquired by Turn/River for $18.50/share in $4.4B deal; stock delisted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/0001193125-25-082231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739942/000119312525082231/d938698d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-082231

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