Searchlight Capital Partners in its strategic investment in preferred stock and warrants of KORE Group Holdings

On November 9, 2023, KORE Group Holdings, Inc. (NYSE: KORE) announced that it had entered into a capital raising transaction with funds advised by Searchlight Capital Partners, L.P., pursuant to which Searchlight will invest $150 million in exchange for preferred stock and warrants to acquire common stock of KORE.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Searchlight.