secwatch.observer — SEC 8-K summary
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Issuer:     SelectQuote, Inc. (SLQT)
CIK:        0001794783
Form:       8-K/A
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001794783-24-000071
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SelectQuote subsidiary issues $100M in asset-backed notes secured by commissions
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- $60M Class A 7.80% notes and $40M Class B 9.65% notes issued by subsidiary SQ ABS Issuer, LLC.
- Notes secured by commissions receivable at 62% advance rate; final legal maturity October 20, 2039.
- Interest accrues from Oct 15, 2024, payable monthly; amortization based on loan-to-value with sweep after Sept 2028.
- Indenture with UMB Bank as trustee; covenants limit asset sales, liens, and additional debt by the issuer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794783/000179478324000071/0001794783-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794783/000179478324000071/slqt-20241015.htm
  HTML page:      https://secwatch.observer/filing/0001794783-24-000071

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