Loan & DebtMay 5, 2026, 04:13 PM
SelectQuote Secures $325M Term Loan, Reports Q3 Net Income $40.2M
AI Summary
SelectQuote, Inc. entered into a new Senior Secured Credit Facility on January 8, 2026, comprising a $325.0 million Term Loan and a $90.0 million Revolving Credit Facility. The company utilized the proceeds to repay outstanding obligations under its previous credit agreement, resulting in a one-time loss on extinguishment of $8.7 million. For the three months ended March 31, 2026, SelectQuote reported total revenue of $430.9 million and net income of $40.2 million.
Key Highlights
- Secured a new $325.0 million Term Loan and a $90.0 million Revolving Credit Facility.
- Repaid previous credit obligations, incurring an $8.7 million loss on debt extinguishment.
- Total revenue for Q3 2026 increased to $430.9 million from $408.2 million in Q3 2025.
- Net income for Q3 2026 rose to $40.2 million from $26.0 million in Q3 2025.
- Diluted EPS for Q3 2026 was $0.11, up from $0.03 in Q3 2025.
- Nine-month revenue increased to $1,296.8 million from $1,181.5 million year-over-year.
- Nine-month net income grew to $79.0 million from $34.7 million year-over-year.
- Nine-month diluted EPS was $0.11, down from $0.13 year-over-year.