Delaware-based Black Knight Inc [1], a provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital market verticals, has announced that its indirect subsidiary, Black Knight InfoServ, LLC (BKI), a Delaware limited liability company entered into an amended and restated senior secured credit facility, comprised of a $1.25 billion five-year senior secured term loan A facility and a $750 million five-year senior secured revolving credit facility. The Facilities will reduce borrowing costs and enhance financial flexibility and liquidity.
The proceeds of the Facilities were used to repay in full the indebtedness outstanding under the previous senior secured credit facility, and pay associated fees and expenses. The Facilities are guaranteed by BKI’s indirect subsidiary, Black Knight Financial Services (BKFS), the Borrower and certain of the Borrower’s existing and future domestic subsidiaries and are secured by substantially all tangible and intangible assets of BKFS LLC, the Borrower and certain of the Borrower’s existing and future domestic subsidiaries.
As a fintech company, Black Knight is a business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services, and insights with a relentless commitment to excellence, innovation, integrity, and leadership.