The latest announcement is out from HireRight Holdings Corp (HRT).
On the day of finalizing the merger, Genuine Financial Holdings, LLC secured an amendment to its first lien credit agreement, enabling an additional $300 million term loan, for a total of roughly $1.04 billion in term loans. This coincided with the acquisition of the Company by the Parent, where all outstanding common stock, except for certain exceptions, was converted into a cash entitlement of $14.35 per share. The Company informed the NYSE about its intention to delist its common stock and to halt its reporting obligations. The board and officers of the Company were replaced by those from the Merger Sub at the effective time of the merger, and the Company’s Certificate of Incorporation and Bylaws were amended accordingly. The completion of the merger was publicly announced on June 28, 2024.
For a thorough assessment of HRT stock, go to TipRanks’ Stock Analysis page.
