Debt And LiabilitiesThe transaction will trigger the change of control provision in the term loan agreement for Redfin’s secured debt, which may necessitate repayment of the term loan.
Financial PerformanceRedfin has not yet delivered consistent adjusted EBITDA profit, making navigation through the current volatile environment more challenging.
Regulatory ConcernsRedfin shares are currently trading at approximately 12% discount to the proposed acquisition price, reflecting concerns about regulatory scrutiny.