SelectQuote (SLQT) said Monday it signed an agreement for $350 million in investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.
The company said the strategic investment will enable it to restructure its balance sheet, reduce annual debt servicing costs, and boost liquidity and flexibility for growth opportunities.
The transaction is anticipated to close on Feb. 28.
SelectQuote also appointed Chris Wolfe, a managing director at Bain Capital Insurance, and Srdjan Vukovic, a partner at Newlight Partners, will be joining its board upon closing of the transaction.
SelectQuote shares jumped nearly 32% in recent after-hours activity.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。