secwatch / observer
8-K filed August 2, 2023, 7:59 PM ET ticker CNXC CIK 0001803599
debt confidence high sentiment neutral materiality 0.65

Concentrix Corp (CNXC): debt financing — Concentrix issues $2.15B in senior notes to fund Webhelp acquisition, eliminates bridge loan

Concentrix Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Concentrix Corp incurred senior notes of $800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026, $800,000,000 aggregate principal amount of 6.60 with U.S. Bank Trust Company, National Association at 6.650% per annum for the 2026 Notes, 6.600% per annum for the 2028 Notes and 6.8 maturing 2026, 2028 and 2033, respectively.

Instrument
senior notes
Principal
$800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026, $800,000,000 aggregate principal amount of 6.60
Counterparty
U.S. Bank Trust Company, National Association
Rate
6.650% per annum for the 2026 Notes, 6.600% per annum for the 2028 Notes and 6.8
Maturity
2026, 2028 and 2033, respectively
Event
incurrence
Exact text from the filing
On August 2, 2023, Concentrix Corporation (“Concentrix” or the “Company”) issued and sold (i) $800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026 (the “2026 Notes”), (ii) $800,000,000 aggregate principal amount of 6.600% Senior Notes due 2028 (the “2028 Notes”) and (iii) $550,000,000 aggregate principal amount of 6.850% Senior Notes due 2033 (the “2033 Notes” and, together with the 2026 Notes and 2028 Notes, the “Notes,” and such offering, the “Notes Offering”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Concentrix Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026, $800,000,000 aggregate prin (effective 2023-08-02).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026, $800,000,000 aggregate prin
Effective
2023-08-02
Exact text from the filing
On August 2, 2023, Concentrix Corporation (“Concentrix” or the “Company”) issued and sold (i) $800,000,000 aggregate principal amount of 6.650% Senior Notes due 2026 (the “2026 Notes”), (ii) $800,000,000 aggregate principal amount of 6.600% Senior Notes due 2028 (the “2028 Notes”) and (iii) $550,000,000 aggregate principal amount of 6.850% Senior Notes due 2033 (the “2033 Notes” and, together with the 2026 Notes and 2028 Notes, the “Notes,” and such offering, the “Notes Offering”).
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Concentrix Corp filing history →

Source: SEC EDGAR
accession 0001803599-23-000177
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