FIRST ADVANTAGE CORP 8K

Silver Lake-affiliated funds initiated an underwritten secondary offering of 12.5 million First Advantage shares under an effective shelf registration, with no proceeds to the company and a 30-day lock-up for the selling stockholder but not for management, plus a planned distribution of up to 4.2 million shares to the funds’ limited partners.

First Advantage Corporation announced that certain investment funds affiliated with Silver Lake Group, L.L.C., a selling stockholder, have launched an underwritten secondary offering of 12,500,000 shares of First Advantage common stock pursuant to an effective Form S-3 shelf registration, with J.P. Morgan Securities LLC acting as underwriter; First Advantage will not sell any shares or receive any proceeds from the transaction, the selling stockholder will receive all proceeds and has agreed to a 30-day lock-up with the underwriter, and plans to distribute up to 4,200,000 additional shares of First Advantage common stock to its limited partners around the closing date of the offering, which shares will not be subject to the lock-up, while directors and officers of First Advantage are not subject to any lock-up in connection with this offering.

Filing Facts

CIK

1210677

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-347130

Alert Tier

6