JACKSONVILLE, Fla., Feb. 7, 2014 /PRNewswire/ -- Black Knight InfoServ, LLC (formerly, Lender Processing Services, Inc.) and Black Knight Lending Solutions, Inc. (together, the "Issuers") today announced that they have received and accepted the required consents (the "Required Consents") with respect to the previously announced consent solicitation (the "Consent Solicitation") on the terms and subject to the conditions set forth in the Consent Solicitation Statement, dated January 28, 2014, (the "Statement"), with respect to certain proposed amendments to the indenture governing their 5.75% Senior Notes due 2023 (the "Notes").
The Consent Solicitation expired at 5:00 p.m., New York City time, on February 6, 2014, (the "Expiration Date"). As of the Expiration Date, the Issuers had received the consent of holders of over 50% in aggregate principal amount of outstanding Notes. These consents may not be revoked.
Pursuant to the terms and subject to the conditions set forth in the Statement, the Issuers will make a cash payment (the "Consent Payment") of $1.25 per $1,000 in aggregate principal amount of Notes held by each holder of Notes who validly delivered, and did not properly revoke, a duly executed consent prior to the Expiration Date. The Consent Payment will be made to the paying agent.
Upon receiving the Required Consents, the Issuers executed a supplemental indenture to give effect to the proposed amendments (the "Supplemental Indenture"), which became operative immediately upon execution. The Supplemental Indenture binds all holders of the Notes, including those that did not give their consent, but non-consenting holders will not receive the Consent Payment.
Copies of the Statement and other solicitation materials may be obtained from Jefferies LLC, the Solicitation Agent in connection with the Consent Solicitation, and any questions may be directed to the Solicitation Agent, by telephone at 1-877-877-0696 (toll free) or 1-212-284-2435 (collect). Computershare Trust Company, N.A. is acting as the Tabulation Agent and Paying Agent, and Georgeson, Inc. is acting as the Information Agent, in connection with the Consent Solicitation. Questions and requests for additional documents may be directed to the Information Agent in writing at Georgeson Inc., 480 Washington Boulevard, Jersey City, NJ 07310, Attention: Corporate Actions; by telephone at 866.729-6811 (toll free) or by facsimile at 201-222-4151.This press release shall not constitute an offer to purchase or a solicitation of an offer to sell any securities. The Consent Solicitation was not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state securities laws.
About Black Knight Financial Services, LLC
Black Knight Financial Services, a Fidelity National Financial (FNF) company, is the mortgage and finance industries' leading provider of integrated technology, data and analytics solutions. Comprised of technology offerings from the union of LPS and ServiceLink, Black Knight Financial Services offers leading software systems; data and analytics offerings; and information solutions that facilitate and automate many of the business processes across the mortgage life cycle.
Black Knight Financial Services helps clients in the mortgage industry and beyond 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. For more information on Black Knight Financial Services, please visit www.bkfs.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the success of the solicitation, whether the supplemental indenture will be executed, the timing of the consent payments, and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These forward-looking statements speak only as of the date of this release. The Issuers expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in their expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.