BRIEF-Ebix Reaches 'Stalking Horse' Sale Agreement for Life Insurance and Annuity Business with Zinnia

Reuters2023-12-18

Dec 18 (Reuters) - Ebix Inc :

* EBIX REACHES "STALKING HORSE" SALE AGREEMENT FOR LIFE INSURANCE AND ANNUITY BUSINESS WITH ZINNIA TO ENSURE SUCCESSFUL RECAPITALIZATION EFFORTS

* EBIX INC: SECURES NEW FINANCING TO SUPPORT RESTRUCTURING PROCESS

* EBIX INC: "STALKING HORSE" AGREEMENT TO SELL ITS NORTH AMERICAN LIFE AND ANNUITY ASSETS TO ZINNIA

* EBIX INC: UNDER TERMS OF ASSET PURCHASE AGREEMENT, ZINNIA WILL PAY $400 MILLION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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