Item 1.02. Termination of a Material Definitive Agreement.
On June 8, 2020, SelectQuote, Inc. (the "Company") terminated that certain
Credit Agreement, dated as of December 14, 2018, by and among ChoiceMark
Insurance Services, Inc. ("ChoiceMark"), as borrower, Seguros Receivables, LLC,
as administrative agent and collateral agent, and the lenders party thereto, as
amended by that certain Amendment No. 1 to Credit Agreement, dated as of
November 4, 2019 (as amended, the "Receivables Financing Agreement"). In
connection with the termination, the Company repaid all of the outstanding
obligations in respect of principal, interest and fees under the Receivables
Financing Agreement, including a prepayment premium equal to 103% of the
aggregate principal amount of the loans repaid, and terminated and released all
security interests and liens granted in connection therewith. The material terms
and conditions of the Receivables Financing Agreement were described in the
section of the Company's Registration Statement on Form S-1, as amended
(Registration No. 333-236555), entitled "Management's Discussion and Analysis of
Financial Condition and Results of Operations-Delayed Draw Credit Facilities,"
and such descriptions are incorporated herein by reference.
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