|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bain Capital, Morgan Stanley, Newlight Partners Provide $350MM Investment to SelectQuote
Tuesday, February 11, 2025
|
Lenders/Participants
|
Bain Capital [Lender]
Morgan Stanley Private Credit [Lender]
Newlight Partners [Lender]
|
|
Structure
|
Senior Secured Credit Facility
|
|
Amount
|
$350.000
Million
|
|
Borrower(s)
|
SelectQuote
|
|
Description
|
The transaction positions the Company to continue growing its healthcare services business, deepening its relationship with carrier partners and providing choice and value for consumers. This investment will allow the Company to recapitalize its balance sheet, to lower its annual cash debt service, and to provide liquidity and increase operating flexibility to fund growth initiatives. The Company’s successful renegotiation of its Senior Secured Credit Facility provides a lower interest rate on the remaining balance.
|
|
Industry
|
Insurance
|
| Related Tags |
Bain Capital, Morgan Stanley Private Credit
|
ABL Advisor
Deal Tables
2025
|
|
|
|