SelectQuote ( (SLQT) ) has provided an update.
SelectQuote, Inc. recently announced a significant milestone in its recapitalization strategy by completing a $100 million securitization transaction. This move provides advanced financing against the company’s expected collections for previously sold policies, offering a lower cost of capital and extending debt maturity. By securing this innovative financing, SelectQuote aims to strengthen its financial structure and enhance shareholder value, marking a crucial step towards improving its capital framework.
See more data about SLQT stock on TipRanks’ Stock Analysis page.