[8-K] SelectQuote, Inc. Reports Material Event

Rhea-AI Filing Summary

SelectQuote, Inc. (NYSE: SLQT) filed an 8-K announcing it executed a Thirteenth Amendment to its November 2019 Credit Agreement on 25 Jul 2025. The sole material change is a 15-month extension of the revolving credit facility’s termination date, moving maturity from 30 Jun 2026 to 30 Sep 2027. All existing lenders agreed and each received a 0.10% cash amendment fee on their post-amendment commitments.

The extension lengthens available liquidity and pushes out refinancing risk with only a de-minimis cost; the disclosure does not note changes to pricing, covenants or facility size. The amendment also triggers Item 2.03 as it constitutes a direct financial obligation. A copy of the amendment is filed as Exhibit 10.1.

Positive

• Revolver maturity extended by 15 months, reducing refinancing risk until 30 Sep 2027.
• Low amendment cost of only 0.10% keeps incremental cash outlay minimal.
• All lenders consented, signalling continued confidence in company credit.

Negative

• Additional amendment fee represents an incremental cash expense.
• Reliance on revolving facility underscores ongoing funding needs in advance of cash-flow seasonality.

Insights

Credit Analyst

TL;DR: Revolver maturity extended to 2027, modest fee; improves near-term liquidity, minor positive.

The 15-month extension pushes SelectQuote’s next material revolver maturity to FY28, removing a refinancing overhang that could have limited strategic flexibility in FY26-27. Because the fee is just 10 bps of commitments and no adverse covenant changes are disclosed, the amendment is economically neutral and credit-positive. Liquidity runway is essential for SLQT’s cash-flow-volatile insurance brokerage model, therefore the extension modestly strengthens its credit profile.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________

FORM 8-K

_______________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 25, 2025

_____________________________________

SELECTQUOTE, INC.

(Exact name of registrant as specified in its charter)

_____________________________________

Delaware			001-39295			94-3339273
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)
6800 West 115th Street, Suite 2511
Overland Park, Kansas 66211
(Address of principal executive offices) (Zip code)
(913) 599-9225
(Registrant’s telephone number, including area code)
No change since last report
(Former Name or Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.01 par value

SLQT

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On July 25, 2025, SelectQuote, Inc. (the “Company”) entered into a Thirteenth Amendment (the “Thirteenth Amendment” or the “Amendment”) to its Credit Agreement, dated as of November 5, 2019, with Ares Capital Corporation, as administrative agent, UMB Bank, N.A., as revolver agent, and the lenders party thereto. The Thirteenth Amendment, among other things, extends the revolving facility termination date from June 30, 2026 to September 30, 2027. Pursuant to the Amendment, each revolving lender received an amendment fee in cash equal to 0.10% of the revolving loan commitments held by such revolving lender immediately after giving effect to the Amendment.

The foregoing description of the Thirteenth Amendment does not purport to be complete and is qualified in its entirety by reference to the terms of the Thirteenth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.			Description of Exhibit
10.1			Thirteenth Amendment to Credit Agreement
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SELECTQUOTE, INC.
Date: July 29, 2025			By:			/s/ Daniel A. Boulware
			Name:			Daniel A. Boulware
			Title:			General Counsel and Secretary

FAQ

What did SelectQuote (SLQT) announce in its July 25 2025 8-K?

It executed the Thirteenth Amendment to its 2019 Credit Agreement, extending the revolver maturity to 30 Sep 2027.

How much is the amendment fee associated with SLQT's credit agreement change?

Each revolving lender received a cash fee equal to 0.10% of its commitment.

Does the amendment alter the size or pricing of the revolving facility?

The filing mentions only a maturity extension; no changes to size or pricing are disclosed.

Why is the revolver extension important for investors?

It lengthens SelectQuote’s liquidity runway, lowering near-term refinancing risk and supporting operational flexibility.

Where can investors review the full amendment terms?

The Thirteenth Amendment is filed as Exhibit 10.1 to the 8-K.