Black Knight, Inc. (NYSE: BKI) (“Black Knight” or the “Company”) today announced the pricing of the previously announced underwritten public offering, pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The offering is for 6,200,000 shares of its common stock, par value $0.0001 per share (the “Common Stock”). In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 930,000 shares of the Common Stock, at the public offering price, less the underwriting discount. The offering is expected to close on June 19, 2020, subject to customary closing conditions.
Black Knight anticipates that the gross proceeds from the offering will be $435,550,000, before deducting the underwriting discount and estimated offering expenses payable by Black Knight. Black Knight intends to use the net proceeds from the offering to repay amounts outstanding under its revolving credit facility and for working capital and general corporate purposes, which may include future acquisitions and investments.
BofA Securities, J.P. Morgan and Wells Fargo Securities are acting as the lead book-running managers for the offering. SunTrust Robinson Humphrey, Inc. is also acting as a book-running manager for the offering. BTIG, PNC Capital Markets LLC, BMO Capital Markets and Capital One Securities are acting as co-managers for the offering.
An automatic shelf registration statement (including a prospectus) relating to the offering of Common Stock was filed with the SEC on June 16, 2020, and became effective upon filing. Before you invest, you should read the prospectus in that registration statement and the documents incorporated by reference in that registration statement as well as the prospectus supplement related to this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. When available, copies of the prospectus supplement and accompanying prospectus related to the offering may also be obtained from: BofA Securities, address: NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte North Carolina 28255-0001, Attn: Prospectus Department, or by emailing email@example.com or J.P. Morgan Securities LLC, collect at (212) 834-4533.
The offering of these securities will be made only by means of a prospectus supplement and the accompanying prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offer to buy the securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.