KORE Completes Take-Private Merger at $9.25/Share, Refinances Debt with $325M Facility

summarizeSummary

KORE Group Holdings completed its merger with affiliates of Searchlight Capital and Abry Partners, taking the company private at $9.25 per share. The transaction includes a $325 million debt refinancing and NYSE delisting.

check_boxKey Events · M&A and Partnerships · KORE

• Merger Closed at $9.25/Share

  The take-private merger with Searchlight Capital and Abry Partners closed on July 21, 2026. Each outstanding share of common stock (except rollover shares) was converted into the right to receive $9.25 in cash.

• Debt Refinancing Completed

  KORE Wireless Group Inc. entered a new $300 million term loan and $25 million revolving credit facility, maturing in six years. Proceeds were used to repay the prior credit agreement and repurchase all outstanding 5.50% Exchangeable Senior Notes due 2028.

• NYSE Delisting Initiated

  Trading of KORE common stock was suspended and the company requested NYSE file a Form 25 to delist the shares. KORE also intends to file a Form 15 to terminate SEC reporting obligations.

• Board and Management Changes

  All ten directors resigned at the effective time, replaced by directors of Merger Sub. Existing officers continued as officers of the surviving corporation.

auto_awesomeAnalysis · KORE · Technology

KORE Group Holdings closed its take-private acquisition by Searchlight Capital and Abry Partners, with shareholders receiving $9.25 per share in cash. The company simultaneously refinanced its debt, entering a new $300 million term loan and $25 million revolver, while repaying prior credit agreements and repurchasing all outstanding exchangeable notes. The common stock will be delisted from the NYSE. This marks the final step in a process that began in February 2026, removing KORE from public markets and providing new capital structure flexibility.