secwatch / observer
8-K filed August 21, 2023, 7:59 PM ET ticker CNNE CIK 0001704720
debt confidence high sentiment neutral materiality 0.45

Cannae Holdings amends margin loan; extends maturity to Aug 2026, adds 40M Alight shares as collateral

Cannae Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Cannae Holdings, Inc. amended Margin Loan Agreement with Royal Bank of Canada valued at extended maturity date to August 17, 2026; added 40 million shares of Alight, Inc. common stock as c (effective 2023-08-17).

Action
amendment
Agreement
credit facility
Counterparty
Royal Bank of Canada
Value
extended maturity date to August 17, 2026; added 40 million shares of Alight, Inc. common stock as c
Effective
2023-08-17
Exact text from the filing
On August 17, 2023, Cannae Funding C, LLC, an indirect wholly-owned special purpose subsidiary of Cannae Holdings, Inc. (the “Company”), Cannae Funding D, LLC, an indirect wholly-owned special purpose subsidiary of the Company, and Cannae Funding A, LLC ("Borrower 3"), an indirect wholly-owned special purpose subsidiary of the Company, entered into an amendment (the "Amendment") to the Margin Loan Agreement (as amended from time to time, the “Loan Agreement”) with the lenders from time to time party thereto and Royal Bank of Canada, as the administrative agent and the calculation agent thereunder.
View on SEC.gov

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Cannae Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001704720-23-000076
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