---
schema_version: "secwatch.filing_event.v1"
accession: "0001677703-24-000044"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:21:47.226957+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conduent receives $164M from HealthEquity for first tranche of HSA portfolio sale

## Summary
- Received $164M from HealthEquity for first tranche of BenefitWallet HSA/MSA portfolio transfer.
- Remaining two tranches expected to close by May 9, 2024, total purchase price up to $425M.
- Proceeds will be used to voluntarily prepay Senior Secured Term Loan B; Bank of America notified.
- Pro forma for 2023 shows net loss reduced to $49M from $296M, with revenue down $118M.
- After-tax gain on sale estimated at $304M in equity adjustment on balance sheet.

## SEC filing metadata
- accession: 0001677703-24-000044
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000044/0001677703-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000044/cndt-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677703-24-000044
- JSON: https://secwatch.observer/filing/0001677703-24-000044.json
- Plain text: https://secwatch.observer/filing/0001677703-24-000044.txt

## Key facts
- M&A Transactions
  CONDUENT Inc completed a disposition involving HealthEquity, Inc. for $425 million (closed 2024-03-07).
  - Action: disposition
  - Counterparty: HealthEquity, Inc.
  - Consideration: $425 million
  - Closing: 2024-03-07
  source text: in the Purchase Agreement. The Purchase Agreement provides that HealthEquity will, over the course of the several Conversion Dates, pay to CBS an aggregate purchase price of $425 million (the "Purchase Price"), subject to a purchase price adjustment following the Final Conversion Date based on the amount of HSA and MSA assets actually transferred, as
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677703/000167770324000044/0001677703-24-000044-index.htm

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