JACKSONVILLE, Fla.,
Feb. 9, 2017 /PRNewswire/
-- Black Knight Financial Services, Inc. (NYSE: BKFS) ("Black
Knight") today announced that, subject to market conditions, it is
seeking to reprice its existing approximately $394 million "Term Loan B" under its senior
secured credit facility.
In conjunction, Black Knight will ask its lenders to consent to
the previously announced tax-free distribution in which Fidelity
National Financial, Inc. intends to distribute (together with the
other transactions related thereto, the "Black Knight
Distribution") all 83.3 million shares of Black Knight common stock
that it currently owns to FNF Group (NYSE: FNF) stockholders.
Black Knight anticipates that the repricing and consent
solicitation will be completed within the next two weeks.
However, there can be no assurance that Black Knight will be able
to complete the repricing and consent solicitation.
Forward-Looking Statements
This
communication contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not
historical facts, including statements regarding expectations,
hopes, intentions or strategies regarding the future are
forward-looking statements. Forward-looking statements are based on
Black Knight management's beliefs, as well as assumptions made by,
and information currently available to, them. Because such
statements are based on expectations as to future financial and
operating results and are not statements of fact, actual results
may differ materially from those projected. Black Knight undertakes
no obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise. The risks
and uncertainties that forward-looking statements are subject to
include, but are not limited to: our ability to successfully
reprice the term loan B under our senior secured credit facility;
our ability to achieve the conditions to and consummate the Black
Knight Distribution; and other risks and uncertainties detailed in
the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of our Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission.
Additional Information and Where to Find It
This communication shall not constitute an offer to sell
or the solicitation of an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933,
as amended. In connection with the proposed spin-off, New BKH
Corp., a newly formed indirect subsidiary of Fidelity National
Financial, Inc. and Black Knight Holdco Corp., a newly formed
entity that will be the public holding company of Black Knight
("New Black Knight"), will file with the Securities and Exchange
Commission ("SEC") registration statements. New Black Knight's
registration statement will also include a proxy statement which
will be sent to the Black Knight shareholders in connection with
their vote required in connection with the Black Knight
Distribution. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
REGISTRATION STATEMENTS/PROSPECTUSES AND PROXY STATEMENTS AND ANY
OTHER RELEVANT DOCUMENTS, WHEN THEY BECOME AVAILABLE, BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BLACK KNIGHT
DISTRIBUTION.
Investors and security holders will be able to obtain these
materials (when they are available) and other documents filed with
the SEC free of charge from the SEC's website, www.sec.gov. These
documents (when they are available) can also be obtained free of
charge from the respective companies by directing a written request
to Black Knight Financial Services, Inc., 601 Riverside Avenue,
Jacksonville, Florida 32204, Attn:
Corporate Secretary, Telephone (904) 854-8100.
Participants in a Solicitation
The
directors and executive officers of Black Knight and other persons
may be deemed to be participants in the solicitation of proxies in
respect of proposals to approve the Black Knight Distribution.
Information regarding the directors and executive officers of Black
Knight is available in its definitive proxy statement, which were
filed with the SEC on April 28, 2016. Free copies of this
document may be obtained as described in the preceding
paragraph.
About Black Knight Financial Services,
Inc.
Black Knight Financial Services,
Inc. (NYSE: BKFS) is a leading provider of integrated technology,
data and analytics solutions that facilitate and automate many of
the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier
business partner that lenders and servicers rely on to achieve
their strategic goals, realize greater success and better serve
their customers by delivering best-in-class technology, services
and insight with a relentless commitment to excellence, innovation,
integrity and leadership. For more information on Black Knight
Financial Services, please visit www.bkfs.com.
Information for
Investors:
|
Information for
Media:
|
Kirk
Larsen
|
Michelle
Kersch
|
Black Knight
Financial Services, Inc.
|
Black Knight
Financial Services, Inc.
|
904.527.4470
|
904.854.5043
|
kirk.larsen@bkfs.com
|
michelle.kersch@bkfs.com
|
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SOURCE Black Knight Financial Services, Inc.