SelectQuote Shares Surge After Healthcare Platform Confirms $100M Securitization Deal
Portfolio Pulse from Lekha Gupta
SelectQuote, Inc. (NYSE:SLQT) shares surged after announcing a $100 million securitization deal, which will help reduce debt and lower capital costs. The transaction extends debt maturity and improves financial stability, despite recent earnings misses.
October 17, 2024 | 1:15 pm
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POSITIVE IMPACT
SelectQuote's $100 million securitization deal boosts its stock price by 15.6% premarket. The deal reduces debt and lowers capital costs, extending debt maturity, which is positive for financial stability.
The securitization deal provides SelectQuote with a lower cost of capital and extends debt maturity, which are positive financial moves. This has led to a significant premarket stock price increase, indicating investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100