KORE Group Holdings completes acquisition by Searchlight Capital and Abry Partners
KORE Group Holdings, Inc. completed its acquisition by affiliates of Searchlight Capital Partners and Abry Partners on July 21, 2026. Common stockholders received $9.25 per share in cash, and the company's common stock ceased trading on the New York Stock Exchange prior to market open. KORE became a wholly-owned subsidiary of an affiliate of Searchlight as a result of the merger.
Key facts
- Merger consideration: $9.25 per share in cash
- Effective time: July 21, 2026
- Acquiring parties: affiliates of Searchlight Capital Partners, L.P. and Abry Partners
- NYSE trading suspension and delisting: prior to market open July 21, 2026
- Company registration termination: Form 15 to be filed requesting termination under Section 12(g) of the Exchange Act
- Outstanding common stock as of record date (June 11, 2026): 17,622,180 shares
- Stockholder meeting (July 16, 2026): Merger Agreement Proposal approved with 12,455,012 votes for, 179,815 against, 24,019 abstain
- New credit facility: $300 million term loan plus $25 million revolving facility, each maturing sixth anniversary from July 21, 2026
- Debt repaid and terminated: Prior Credit Agreement dated November 9, 2023, and all 5.50% Exchangeable Senior Notes due 2028
Why it matters
KORE transitions from a publicly traded company on the NYSE to a private company owned by Searchlight and Abry, eliminating public equity holders and providing capital to fund operations under new ownership's long-term investment strategy.
Developing story
- 25-NSE
- 8-Kthis filing
Share
Derived from 8-K filed 2026-07-21. Not investment advice. View the source filing on SEC.gov →