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Black Knight announces pricing of secondary offering of common stock

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Black Knight announces pricing of secondary offering of common stock

Black Knight Inc. announced the pricing of an underwritten public offering of 8 million common shares by affiliates of Thomas H. Lee Partners LP at a public offering price of $49.00 per share.

Black Knight has agreed to repurchase from the underwriter 1 million of the 8 million common shares being sold by the selling shareholder at a per-share purchase price equal to the price payable by the underwriter to the selling shareholder. As a result, only 7 million shares will be sold to the public.

The company is not selling any shares in the offering and all the net proceeds will go to the selling shareholder.

The offering is subject to customary closing conditions and is expected to close March 15.

Goldman Sachs & Co. LLC acted as the sole underwriter for the offering.