SelectQuote Shares Surge After Healthcare Platform Confirms $100M Securitization Deal

SelectQuote, Inc. (NYSE:SLQT) shares are trading higher premarket on Thursday. On Wednesday, the company disclosed the completion of a $100 million securitization transaction on October 15, 2024.

This securitization provides financing based on the company's expected collections from previously sold policies.

As of June 30, SelectQuote’s receivables totaled approximately $1 billion, with only a portion securitized in this transaction.

The company will use the proceeds to ...

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