Black Knight Inc. announced the pricing of an underwritten public offering of 7 million common shares of the company at a public offering price of $45.50.
The shares are being offered by by affiliates of Thomas H. Lee Partners LP. No shares are being sold by Black Knight.
Black Knight has agreed to repurchase from the underwriter 2 million common shares of these 7 million shares at a per-share purchase price equal to the price payable by the underwriter to the selling shareholder. Consequently, only 5 million shares will be sold by the selling shareholder to the public. The selling shareholder will receive all of the net proceeds from the offering.
The offering is expected to close on Nov. 24, subject to customary closing conditions.
Goldman Sachs & Co. LLC will act as the underwriter for the offering.