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Pathlight Capital Serves as Administrative Agent on $415,000,000 Senior Secured Credit Facility for SelectQuote, Inc.

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BOSTON, Jan. 13, 2026 /PRNewswire/ -- Pathlight Capital LP ("Pathlight" or "Pathlight Capital") toda...

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AI Summary

Pathlight Capital provides $415 million credit facility to SelectQuote. Proceeds will refinance debt and support working capital needs. SelectQuote aims to lower capital costs and invest in growth. SelectQuote operates in a growing Medicare insurance and healthcare market. CEO confident in SelectQuote's diversified business strategy.

Sentiment Rationale

The investment improves liquidity and lowers capital costs, fostering growth opportunities. Similar past financing initiatives have positively impacted SLQT's stock performance.

Trading Thesis

Improved capital flexibility will sustain SelectQuote's growth trajectory, potentially leading to long-term revenue increases. Historical trends suggest that continued investments can boost stock value significantly over time.

Market-Moving

  • Pathlight Capital provides $415 million credit facility to SelectQuote.
  • Proceeds will refinance debt and support working capital needs.
  • SelectQuote aims to lower capital costs and invest in growth.

Key Facts

  • Pathlight Capital provides $415 million credit facility to SelectQuote.
  • Proceeds will refinance debt and support working capital needs.
  • SelectQuote aims to lower capital costs and invest in growth.
  • SelectQuote operates in a growing Medicare insurance and healthcare market.
  • CEO confident in SelectQuote's diversified business strategy.

Companies Mentioned

  • AET (AET)
  • UNH (UNH)
  • CI (CI)

Corporate Developments

The strategic financial support demonstrates confidence in SelectQuote’s growth, positively influencing investor sentiment.

Pathlight Capital Announces $415 Million Credit Facility for SelectQuote, Inc. (SLQT)

New York, NY — Pathlight Capital LP ("Pathlight" or "Pathlight Capital") has recently announced its role as the Administrative Agent on a significant $415 million senior secured credit facility for SelectQuote, Inc. ("SelectQuote" or "SLQT"). This financing is critical for the company, which specializes in distributing Medicare insurance policies and operates a rapidly growing healthcare services platform. As part of this facility, Pathlight provided a $325 million term loan aimed at refinancing existing debt while supporting ongoing working capital needs.

Details of the Credit Facility

The proceeds from this substantial credit facility will facilitate both debt refinancing and bolster SelectQuote's operational liquidity. This strategic move positions SelectQuote for continued growth in a complex and competitive marketplace.

Leadership Insights and Future Implications

Tyler Harrington, Managing Director at Pathlight Capital, commented, “Having built a compelling and diversified business in a complex industry, we are confident that the SelectQuote team is well positioned for its next phase of growth, and we look forward to supporting them.”

Tim Danker, Chief Executive Officer of SelectQuote, expressed his satisfaction with the partnership, stating, “We are extremely pleased to partner with Pathlight on this strategically important new financing. This funding lowers our cost of capital, improves liquidity, and provides SelectQuote the capital flexibility necessary to invest in the growth of our industry-leading senior health insurance and differentiated healthcare services businesses.”

Christopher Arnold, Managing Director at Pathlight Capital, added, “We believe this transaction is another example of Pathlight's expertise in providing asset-based financing solutions for financial assets. Specialty finance will continue to be an important contributor to Pathlight's growth and expansion.”

About Pathlight Capital

Pathlight Capital is a private credit investment manager focused on meeting the financial needs of companies across various sectors. The firm specializes in providing asset-based loans that are secured by tangible and intangible assets. Pathlight aims to deliver innovative financing solutions, enabling management teams to access liquidity for purposes such as working capital, debt refinancing, growth initiatives, acquisitions, and turnaround strategies. For more information, visit www.pathlightcapital.com.

About SelectQuote (SLQT)

Established in 1985, SelectQuote (NYSE: SLQT) has revolutionized the insurance market by providing consumers with unbiased comparisons from multiple highly-rated insurance companies. This empowers consumers to select policies and terms that suit their needs best. The company's success is built on two foundational pillars: a team of highly-trained agents conducting thorough needs analyses, and proprietary technology that effectively sources and routes quality leads.

SelectQuote operates a comprehensive ecosystem that addresses consumer needs across various sectors, including insurance, pharmacy, and virtual care. The company organizes its services into three core business lines:

  • SelectQuote Senior: Catering to the demographic where approximately 10,000 people turn 65 each day, offering Medicare Advantage and Medicare Supplement plans.
  • SelectQuote Healthcare Services: Incorporating several services, including SelectRx Pharmacy, a Patient-Centered Pharmacy Home™ (PCPH) accredited pharmacy, and SelectPatient Management, which provides chronic care management.
  • SelectQuote Life: Focused on life insurance solutions tailored to consumer needs.

Conclusion

This announcement underscores the strategic partnership between Pathlight Capital and SelectQuote, aimed at fostering growth in a dynamic healthcare landscape. The financial backing provided by this senior secured credit facility is set to play a pivotal role in ensuring SelectQuote's continued success and adaptability in the insurance sector.

Disclaimer: The information provided herein represents the opinion of Pathlight Capital LP and does not necessarily reflect the views of other entities. This release is informational and does not constitute an investment recommendation. Individual endorsements mentioned may not represent the experiences of all stakeholders involved.

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