Black Knight Financial Services, Inc. Announces Pricing of Initial Public Offering

May 19, 2015, 20:08 ET from Black Knight Financial Services

JACKSONVILLE, Fla., May 19, 2015 /PRNewswire/ --  Black Knight Financial Services, Inc. (the "Company") announced today the pricing of its initial public offering of 18,000,000 shares of Class A common stock at a price to the public of $24.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares at the initial public offering price less underwriting discount and commissions. The Company's Class A common stock is expected to begin trading on the New York Stock Exchange under the symbol "BKFS" on May 20, 2015. The offering is expected to close on May 26, 2015, subject to customary closing conditions.

The net proceeds from the initial public offering will be used to repay a portion of the Company's outstanding debt, among other uses. Immediately following the initial public offering, the Company will refinance the remaining indebtedness under its mirror notes and intercompany notes with new senior secured credit facilities to significantly reduce its interest expense.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities, LLC are acting as active bookrunning managers for the offering. Goldman, Sachs & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc. are acting as joint bookrunning managers for the offering. Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, Inc., Mizuho Securities USA Inc., Piper Jaffray & Co., and Stephens Inc. are acting as co-managers for the offering.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering will be made only by means of a prospectus. A copy of the final prospectus relating to these securities will be filed with the SEC and may be obtained, when available, by contacting J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204; BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by email at; or Wells Fargo Securities, c/o Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, by emailing, or by calling 1-800-326-5897.

This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Black Knight Financial Services, Inc. 

Black Knight Financial Services, a Fidelity National Financial (NYSE: FNF) company, is the mortgage and finance industries' leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being the premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership.

SOURCE Black Knight Financial Services