debt
confidence high
sentiment neutral
materiality 0.55
SelectQuote increases revolving credit facility by $35M to $135M and draws $245M from delayed draw term loan
SelectQuote, Inc.
- Revolving borrowing capacity increased by $35M, now $135M total.
- Company borrowed $245M under delayed draw term loan facility, leaving $100M remaining capacity.
- New lenders include Academy Bank ($20M commitment) and CrossFirst Bank ($15M commitment).
- Each new lender received a 0.50% commitment fee on its commitment.