SelectQuote, Inc. (NYSE: SLQT) (the “Company”), a leading distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform, announces that the Company closed and received the proceeds from the $350 million strategic investment on February 28, 2025. The Company originally announced a binding agreement on the transaction with funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners on February 10th. The Company used $260 million of proceeds to pay down its outstanding term loan and now has more than $100 million of available liquidity as it continues to focus on its industry-leading insurance distribution businesses and rapidly expanding healthcare services business.
Read the full article: SelectQuote Closes $350M Strategic Investment from Bain Capital, Morgan Stanley Private Credit and Newlight Partners //
Source: https://www.businesswire.com/news/home/20250303879608/en/SelectQuote-Closes-350-Million-Strategic-Investment-from-Bain-Capital-Morgan-Stanley-Private-Credit-and-Newlight-Partners