The previously announced secondary public offering of 8 million Black Knight Inc. common shares has closed.
The selling shareholders, affiliates of Thomas H. Lee Partners LP, sold the shares for $48.63 each. Black Knight did not sell any shares in the offering, and will not receive any of the offering's proceeds.
Black Knight did purchase 1 million common shares back from the selling shareholders in the offering for a total purchase price to $48.6 million. Black Knight plans to fund the repurchase of the 1 million common shares through borrowings in its revolving credit facility.
Goldman Sachs & Co. LLC acted as the offering's sole underwriter.
