SelectQuote raises $350M via preferred stock, reports Q2 net income $53.2M

SelectQuote, Inc.

$350M aggregate investment from Morgan Stanley and Bain in Senior Non-Convertible Preferred Stock and warrants.
Preferred stock has 14.5% dividend rate (subject to adjustments); warrants exercisable at $0.01 to $5.50 per share.
Q2 FY2025 revenue $481.1M (+19% YoY); net income $53.2M (vs $19.4M YoY); Adjusted EBITDA $87.5M.
FY2025 guidance: revenue $1.5B-$1.575B, Adjusted EBITDA $115M-$140M, net income (loss) ($24M)-$11M.
Company amended credit agreement with Ares to permit partial prepayment and new interest terms; two new directors to be appointed from investors.

item 1.01 item 2.02 item 2.03 item 3.02 item 3.03 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.