---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-284230"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:43:03.474665+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cerence repurchases $27M of 3% convertible notes at 98.5% of par; terminates credit facility

## Summary
- Repurchased $27M aggregate principal of 3% Convertible Senior Notes due 2025 at 98.5% of par plus accrued interest.
- Plans to cancel repurchased notes and pay remaining $60.5M at maturity in June 2025 using cash on hand.
- Intends to terminate undrawn $50M senior secured revolving credit facility after note repurchase.
- Reaffirmed Q1 FY2025 and full-year FY2025 guidance issued on Nov 21, 2024.
- CEO cites confidence in future; CFO highlights cash management and cost reduction.

## SEC filing metadata
- accession: 0001193125-24-284230
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312524284230/0001193125-24-284230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312524284230/d915960d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-284230
- JSON: https://secwatch.observer/filing/0001193125-24-284230.json
- Plain text: https://secwatch.observer/filing/0001193125-24-284230.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.