Cannae terminates $50M margin loan backed by Alight shares, saving $0.4M annual fees

Cannae Holdings, Inc.

Prepaid all outstanding obligations under $50M margin loan; no principal or interest outstanding, only $58,680.56 in accrued commitment fees.
Loan secured by 40,477,062 shares of Alight, Inc. common stock; collateral to be released and re-registered.
Termination eliminates approximately $0.4 million of annual commitment fees.
Does not materially impact liquidity; limited borrowing capacity cited as reason.

item 1.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cannae Holdings, Inc. terminated Margin Loan Agreement with Bank of America, N.A. (effective 2026-03-06).

Action: termination
Agreement: credit facility
Counterparty: Bank of America, N.A.
Effective: 2026-03-06

Exact text from the filing

prepaid in full all outstanding obligations under the Margin Loan Agreement, dated as of November 30, 2020 (as amended, the "Margin Loan Agreement"), among Cannae Funding A, as borrower, Bank of America, N.A., as administrative agent and calculation agent, and the lenders party thereto

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Cannae Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001704720-26-000052

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