Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
TIPTREE INC. completed a disposition involving DB Insurance Co., Ltd. (Purchaser) for $1.65 billion in cash (closed 2026-05-29).
- Action
- disposition
- Counterparty
- DB Insurance Co., Ltd. (Purchaser)
- Consideration
- $1.65 billion in cash
- Closing
- 2026-05-29
Exact text from the filing
on April 8, 2026, executed a joinder to the Merger Agreement to become a party thereto. Pursuant to the Merger Agreement, Purchaser acquired Fortegra for a purchase price of $1.65 billion in cash (subject to certain adjustments set forth in the Merger Agreement) by means of a merger of Merger Sub with and into Fortegra, with Fortegra surviving the Merger (the “
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
TIPTREE INC. terminated Fortress Credit Agreement with Fortress Credit Corp. valued at repaid in full all outstanding obligations; agreement terminated (effective 2026-05-29).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Fortress Credit Corp.
- Value
- repaid in full all outstanding obligations; agreement terminated
- Effective
- 2026-05-29
Exact text from the filing
On the Closing Date, in connection with the Merger, Tiptree Holdings LLC (“ Tiptree Holdings ”), a subsidiary of Tiptree, repaid in full all outstanding obligations under the Credit Agreement, dated as of February 7, 2025 (the “ Fortress Credit Agreement ”), by and among Tiptree, as parent, Tiptree Holdings, the lenders party thereto and Fortress Credit Corp., as administrative agent and collateral agent.
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