{"schema_version":"secwatch.filing_event.v1","accession":"0001677703-25-000130","form_type":"8-K","ticker":"CNDT","cik":"0001677703","company_name":"CONDUENT Inc","filed_at":"2025-08-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.616762+00:00","generated_at":"2026-05-17T09:44:30.245500+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Conduent completes debt refinancing; prepays term loan, renews revolver, adds $93M LC facility","bullets":["Prepaid all outstanding Term A Loans; reduced revolver to ~$357M with two maturity tranches (2026 and 2028).","Added new $93M performance letter of credit facility maturing August 26, 2028.","SOFR-based revolver borrowing margin ranges 1.75%-3.00% depending on leverage; commitment fees 0.30%-0.55%.","CFO Giles Goodburn says refinancing strengthens financial foundation and supports growth strategy.","Leverage covenant: consolidated first lien net leverage ratio ≤ 4.50x; fixed charge coverage ≥ 2.50x."],"urls":{"canonical":"https://secwatch.observer/filing/0001677703-25-000130","json":"https://secwatch.observer/filing/0001677703-25-000130.json","markdown":"https://secwatch.observer/filing/0001677703-25-000130.md","text":"https://secwatch.observer/filing/0001677703-25-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677703/000167770325000130/0001677703-25-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677703/000167770325000130/cndt-20250826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:44:30.245500+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":[{"claim_id":"5ad9e371775a81481001231e5f21871e2dfb8073","claim":"CONDUENT Inc amended credit facility of revolving credit facility of approximately $357 million and a performance letter of credit facility of approximately $93 with Bank of America, N.A. at SOFR plus applicable margin of 1.75% to 3.00% per annum for revolving loans, bas maturing approximately $187 million matures August 26, 2028; approximately $170 million matures October 15, 2026; Performance Letter of Credit Facility matures August 26.","evidence_excerpt":"On August 26, 2025, the Company (as the parent guarantor), the Borrowers, the other guarantors party thereto, the Administrative Agent and the lenders and letter of credit issuers party thereto, entered into an amendment to the Existing Credit Agreement (“Amendment No. 3” and the Existing Credit Agreement as amended by Amendment No. 3, the “Credit Agreement”) to amend the terms of the Existing Credit Agreement, to, among other things, (1) prepay in full the Term A Loans outstanding under the Existing Credit Agreement, (2) reduce the amount of the revolving credit facility to approximately $357 million, of which approximately $187 million will mature on August 26, 2028 and the remaining approximately $170 million will continue to mature on October 15, 2026 (as amended, the “Revolving Credit Facility”), (3) add a new performance letter of credit facility in the amount of approximately $93 million (the “Performance Letter of Credit Facility” and together with the Revolving Credit Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677703/000167770325000130/0001677703-25-000130-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"revolving credit facility of approximately $357 million and a performance letter of credit facility of approximately $93"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"SOFR plus applicable margin of 1.75% to 3.00% per annum for revolving loans, bas"},{"label":"Maturity","value":"approximately $187 million matures August 26, 2028; approximately $170 million matures October 15, 2026; Performance Letter of Credit Facility matures August 26"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}