secwatch.observer — SEC 8-K summary
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Issuer:     ENVESTNET, INC. (—)
CIK:        0001337619
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001213900-24-101828
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, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bain Capital completes $4.5B acquisition of Envestnet at $63.15/share; stock delisted
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- All outstanding shares converted to $63.15 cash per share; aggregate purchase price ~$4.5B.
- Envestnet common stock suspended from NYSE effective Nov 25, 2024; deregistration to follow.
- New $1.985B term loan and $375M revolver with RBC; existing credit agreement terminated.
- Board resigned: Luis Aguilar, Gayle Crowell, Valerie Mosley, Gregory Smith, Lauren Wolfe, Barbara Turner; Joshua Warren and Thomas Sipp appointed.
- Convertible notes (0.75% 2025, 2.625% 2027) conversion rights changed to reference property of $63.15 cash per unit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337619/000121390024101828/0001213900-24-101828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337619/000121390024101828/ea0222178-8k_envestnet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101828

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