Black knight

Intercontinental Exchange Prices $8 Billion in Senior Notes and Issues Notices of Redemption for Four Series of Senior Notes due 2022 and 2023

Retrieved on: 
Friday, May 13, 2022

The senior notes comprise $1.25 billion in aggregate principal amount of 3.650% Senior Notes due 2025 (the 2025 Notes), $1.5 billion in aggregate principal amount of 4.000% Senior Notes due 2027 (the 2027 Notes), $1.25 billion in aggregate principal amount of 4.350% Senior Notes due 2029 (the 2029 Notes), $1.5 billion in aggregate principal amount of 4.600% Senior Notes due 2033 (the 2033 Notes), $1.5 billion in aggregate principal amount of 4.950% Senior Notes due 2052 (the 2052 Notes), and $1 billion in aggregate principal amount of 5.200% Senior Notes due 2062 (the 2062 Notes and, together with the 2025 Notes, the 2027 Notes, the 2029 Notes, the 2033 Notes and the 2052 Notes, the Notes).

Key Points: 
  • The senior notes comprise $1.25 billion in aggregate principal amount of 3.650% Senior Notes due 2025 (the 2025 Notes), $1.5 billion in aggregate principal amount of 4.000% Senior Notes due 2027 (the 2027 Notes), $1.25 billion in aggregate principal amount of 4.350% Senior Notes due 2029 (the 2029 Notes), $1.5 billion in aggregate principal amount of 4.600% Senior Notes due 2033 (the 2033 Notes), $1.5 billion in aggregate principal amount of 4.950% Senior Notes due 2052 (the 2052 Notes), and $1 billion in aggregate principal amount of 5.200% Senior Notes due 2062 (the 2062 Notes and, together with the 2025 Notes, the 2027 Notes, the 2029 Notes, the 2033 Notes and the 2052 Notes, the Notes).
  • Following the pricing of the Notes, ICE delivered a notice of redemption to Computershare Trust Company, N.A.
  • The 0.700% senior notes due June 15, 2023 will be redeemed on May 24, 2022, and the 2.350% senior notes due September 15, 2022, the 3.450% senior notes due September 21, 2023 and the 4.00% senior notes due October 15, 2023 will be redeemed on June 12, 2022, in each case, in accordance with the terms of the respective indentures governing each of the 2022 and 2023 Notes.
  • Moreover, this press release does not constitute a notice of redemption for the 2022 and 2023 Notes.

Black Knight Originations Market Monitor: With Mortgage Interest Rates at Highest Point Since Great Recession, Rate Lock Activity Fell Across the Board in April

Retrieved on: 
Monday, May 9, 2022

Leveraging daily rate lock data from Black Knight's Optimal Blue PPE mortgage lending's most widely used pricing engine the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.

Key Points: 
  • Leveraging daily rate lock data from Black Knight's Optimal Blue PPE mortgage lending's most widely used pricing engine the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.
  • "Mortgage interest rates continued their steep ascent in April, with our OBMMI daily interest rate tracker showing 30-year conforming offerings, which finished the month at 5.42%," said Scott Happ, president, Optimal Blue, a division of Black Knight.
  • The month's pipeline data showed overall rate locks down 20.3% month-over-month, driven by a steep 50% drop in rate/term refinance lending activity.
  • Much more detail on April's origination activity can be found in the full Black Knight Originations Market Monitor report, located here .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates BKI, SAIL, SRRA, ATRS

Retrieved on: 
Friday, May 6, 2022

If you are a Black Knight shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Black Knight shareholder, click here to learn more about your rights and options .
  • If you are a SailPoint shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

BLACK KNIGHT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Black Knight, Inc. - BKI

Retrieved on: 
Friday, May 6, 2022

and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. (NYSE: ICE).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. (NYSE: ICE).
  • Under the terms of the proposed transaction, shareholders of Black Knight will receive only $85 in a mix of cash (80%) and stock of Intercontinental (20%), subject to proration, for each share of Black Knight that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Silicon Motion Technology Corporation (Nasdaq – SIMO), Black Knight, Inc. (NYSE – BKI), GTY Technology Holdings Inc. (Nasdaq – GTYH), PS Business Parks Inc. (NY

Retrieved on: 
Thursday, May 5, 2022

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Silicon Motion will be acquired by MaxLinear, Inc. (Nasdaq - MXL).
  • Under the terms of the agreement, Black Knight will be acquired by Intercontinental Exchange, Inc. (NYSE - ICE).
  • Under the terms of the merger agreement, GTY shareholders will receive $6.30 per share for each share of GTY stock they own.

BLACK KNIGHT ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of BKI and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, May 5, 2022

On May 4, 2022, Black Knight announced that it had entered into an agreement to be acquired by ICE in a deal valued at approximately $13.1 billion.

Key Points: 
  • On May 4, 2022, Black Knight announced that it had entered into an agreement to be acquired by ICE in a deal valued at approximately $13.1 billion.
  • Pursuant to the merger agreement, Black Knight stockholders will receive $85 in a mix of cash (80%) and stock (20%), subject to proration, for each share of Black Knight common stock owned.
  • Bragar Eagel & Squire is concerned that Black Knights board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Black Knights stockholders.

BKI Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Black Knight, Inc. Is Fair to Shareholders

Retrieved on: 
Wednesday, May 4, 2022

Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. is fair to Black Knight shareholders.

Key Points: 
  • Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Black Knight, Inc. (NYSE: BKI) to Intercontinental Exchange, Inc. is fair to Black Knight shareholders.
  • The investigation concerns whether Black Knight and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Black Knight shareholders; (2) determine whether Intercontinental Exchange is underpaying for Black Knight; and (3) disclose all material information necessary for Black Knight shareholders to adequately assess and value the merger consideration.
  • On behalf of Black Knight shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Optimal Blue Enhances the Loansifter PPE With Quick Quote Capability, Making Real-Time Rates More Accessible to Consumers

Retrieved on: 
Wednesday, May 4, 2022

JACKSONVILLE, Fla., May 4, 2022 /PRNewswire/ -- Optimal Blue, a division of Black Knight, Inc. (NYSE: BKI), announced the release of Quick Quote, a new capability available in the company's cloud-based Loansifter product, pricing and eligibility (PPE) engine for mortgage brokers. Quick Quote enables brokers to make accurate quote offers for products and scenarios available to consumers at their immediate point of need. Customers and prospects can conveniently access on-demand pricing on a broker's corporate website.

Key Points: 
  • Quick Quote enables brokers to make accurate quote offers for products and scenarios available to consumers at their immediate point of need.
  • Quick Quote makes it easy for brokers using the Loansifter PPE to increase customer engagement by offering essential, self-service information exactly when mortgage shoppers need it.
  • Plus, Quick Quote helps enhance both the borrower experience and a broker's production by seamlessly transitioning prospects into an application workflow."
  • The Loansifter PPE is a core component of Black Knight's suite of integrated solutions designed specifically for brokers.

Black Knight: As Home Affordability Nears All-Time Low Amid Spiking Interest Rates and Still-Rising Prices, Borrower Behavior and Preferred Products Changing

Retrieved on: 
Monday, May 2, 2022

-          Annual home price gains slowed very slightly in March, seeing 19.9% annual appreciation, down from an upwardly revised 20.1% in February -- the first-ever month to see greater than 20% price growth

Key Points: 
  • As home prices and interest rates continue their sharp upward climb, this month's report revisits the mounting affordability pressures resulting from these competing dynamics.
  • "Still, at 19.9% -- down from an upwardly revised 20.1% in February -- March would have otherwise set yet another record for appreciation.
  • With 30-year interest rates hitting 5.11% as of April 21, the impact these price gains have had on home affordability is significant.
  • At the end of February 2022, we were already at 29.1% -- and both rates and prices have continued to climb since then.

Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Broader Economic Improvements; Prepays Up Despite Rate Increases

Retrieved on: 
Monday, April 25, 2022

The national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020

Key Points: 
  • The national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020
    The strongest improvement was seen among borrowers who are a single payment past due, with 30-day delinquencies recording a 20% month-over-month decline
    Though serious delinquencies those 90 or more days past due but not in foreclosure fell 12% for the strongest single-month improvement in 20 years, they remain 70% above pre-pandemic levels
    The number of active foreclosures edged slightly higher in March, marking the first year-over-year increase in almost 10 years, though inventories also remain well below pre-pandemic levels
    Prepayment activity bucked the recent trend of sharply rising interest rates driving falling prepay speeds, rising by 9% in March, likely driven at least in part by seasonal increases in home sales-related prepays
    JACKSONVILLE, Fla., April 25, 2022 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at March 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
  • Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 2.84%
    Number of properties that are 30 or more days past due, but not in foreclosure: 1,513,000
    Number of properties that are 90 or more days past due, but not in foreclosure: 694,000
    Number of properties in foreclosure pre-sale inventory: 169,000
    Number of properties that are 30 or more days past due or in foreclosure: 1,682,000