{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-171803","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.468432+00:00","generated_at":"2026-06-13T19:12:57.088767+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cerence prices $190M 1.50% convertible notes due 2028, repurchases $87.5M of 2025 notes","bullets":["$190M principal, 1.50% coupon, due July 1, 2028; conversion price ~$40.72 (22.5% premium over $33.24 close).","Net proceeds ~$184.1M ($203.6M if overallotment exercised); closing expected June 26, 2023.","Uses ~$102M to repurchase $87.5M of 3.00% 2025 notes; remaining repays ~$106.8M term loan.","May borrow up to $24.7M under revolving credit if overallotment not fully exercised."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-171803","json":"https://secwatch.observer/filing/0001193125-23-171803.json","markdown":"https://secwatch.observer/filing/0001193125-23-171803.md","text":"https://secwatch.observer/filing/0001193125-23-171803.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000119312523171803/0001193125-23-171803-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000119312523171803/d507049d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:12:57.088767+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}