SelectQuote closes $415M credit facility with Pathlight and UMB, extends maturity to 2031

SelectQuote, Inc.

New $325M term loan (Pathlight) and $90M revolver (UMB) replace prior facilities; $313.8M used to repay existing debt.
Term loan maturity extended to January 2031; prior maturities were June 2026 and September 2027.
Revolving credit facility increased to $90M (from $72M) for peak season liquidity; lower amortization on term loan.
Interest rate: SOFR + 6.50% (term) and SOFR + 4.00% (revolver); includes step-downs up to 100 bps.
Proceeds also for working capital and general corporate purposes; guarantees and secured by assets.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SelectQuote, Inc. incurred revolving credit of $90 million senior secured revolving credit facility with PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent at SOFR (subject to a floor of 3.00%) plus 4.00%.

Instrument: revolving credit
Principal: $90 million senior secured revolving credit facility
Counterparty: PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent
Rate: SOFR (subject to a floor of 3.00%) plus 4.00%
Event: incurrence

Exact text from the filing

The Credit Agreement provides for (i) a $325 million senior secured term loan (the “ Term Loan ”) and (ii) a $90 million senior secured revolving credit facility (the “ Revolving Credit Facility ” and, together with the Term Loan, the “ Senior Secured Credit Facility ”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SelectQuote, Inc. incurred term loan of $325 million senior secured term loan with PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent at SOFR (subject to a floor of 3.00%) plus 6.50%.

Instrument: term loan
Principal: $325 million senior secured term loan
Counterparty: PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent
Rate: SOFR (subject to a floor of 3.00%) plus 6.50%
Event: incurrence

Exact text from the filing

On January 8, 2026 (the “ Closing Date ”), SelectQuote, Inc. (the “ Company ”) entered into a credit agreement (the “ Credit Agreement ” or “ Agreement ”) with PLC Agent LLC, as administrative agent, UMB Bank, N.A. (“ UMB ”), as lender and revolver agent, and the other lenders party thereto. The Credit Agreement provides for (i) a $325 million senior secured term loan (the “ Term Loan ”) and (ii) a $90 million senior secured revolving credit facility

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SelectQuote, Inc. terminated Previous Credit Agreement with Ares Capital Corporation, as administrative agent, UMB Bank, N.A., as lender and revolver agent, and the other lenders party thereto (effective 2026-01-08).

Action: termination
Agreement: credit facility
Counterparty: Ares Capital Corporation, as administrative agent, UMB Bank, N.A., as lender and revolver agent, and the other lenders party thereto
Effective: 2026-01-08

Exact text from the filing

previous credit facility pursuant to the credit agreement, dated as of November 5, 2019, by and among the Company and Ares Capital Corporation, as administrative agent, UMB, as lender and revolver agent, and the other lenders party thereto (as amended, the “ Previous Credit Agreement ”), and for certain transaction expenses and fees. The remainder of the proceeds of the Term Loan will be used to support ongoing working capital needs and for general corporate purposes.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SelectQuote, Inc. entered into Credit Agreement with PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent, and the other lenders party thereto valued at $325 million term loan and $90 million revolving credit facility (effective 2026-01-08).

Action: entry
Agreement: credit facility
Counterparty: PLC Agent LLC, as administrative agent, UMB Bank, N.A., as lender and revolver agent, and the other lenders party thereto
Value: $325 million term loan and $90 million revolving credit facility
Effective: 2026-01-08

Exact text from the filing

On January 8, 2026 (the “ Closing Date ”), SelectQuote, Inc. (the “ Company ”) entered into a credit agreement (the “ Credit Agreement ” or “ Agreement ”) with PLC Agent LLC, as administrative agent, UMB Bank, N.A. (“ UMB ”), as lender and revolver agent, and the other lenders party thereto.

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

SelectQuote, Inc. filing history →

Source: SEC EDGAR

accession 0001794783-26-000004

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