secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001728688-22-000050
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals acquires motor carrier software provider for ~$85M; upsizes credit facility to $375M
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- Acquisition of a leading provider of enterprise software for motor carrier and motor vehicle markets in U.S. and Canada for ~$85M.
- Expected to be accretive to pro forma adjusted diluted EPS; fourth acquisition focused on state-level customers.
- Revolving credit facility expanded from $275M to $375M with bank group led by Bank of America.
- Total leverage ratio expected close to 4.0x as of Sep 30, 2022 and Dec 31, 2022, assuming no further significant acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000050/0001728688-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000050/iiiv-20220930.htm
  HTML page:      https://secwatch.observer/filing/0001728688-22-000050

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