JACKSONVILLE, Fla.,
Feb. 27, 2017 /PRNewswire/
-- Black Knight Financial Services, Inc. (NYSE: BKFS) ("Black
Knight") today announced that it has completed the repricing of its
existing $394 million "Term Loan B"
under its senior secured credit facility (the "Repricing"). The
"Term Loan B" facility was repriced from 300 basis points to 225
basis points over LIBOR. The LIBOR floor remains at 75 basis
points. The repriced loans continue to be due in full on
May 27, 2022.
In conjunction with the Repricing, Black Knight's lenders
consented 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)
shareholders.
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 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 ("SEC").
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 Black Knight Distribution, 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 registration statements with the
SEC. New Black Knight's registration statement will also include a
proxy statement that 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) 854-5100.
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 was 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:
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Information for
Media:
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Kirk
Larsen
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Michelle
Kersch
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Black Knight
Financial Services, Inc.
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Black Knight
Financial Services, Inc.
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904.527.4470
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904.854.5043
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kirk.larsen@bkfs.com
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michelle.kersch@bkfs.com
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SOURCE Black Knight Financial Services, Inc.