secwatch.observer — SEC 8-K summary
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Issuer:     Concentrix Corp (CNXC)
CIK:        0001803599
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001803599-23-000177
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Concentrix issues $2.15B in senior notes to fund Webhelp acquisition, eliminates bridge loan
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- Issued $800M 6.650% notes due 2026, $800M 6.600% notes due 2028, and $550M 6.850% notes due 2033.
- Net proceeds to fund cash consideration for pending Webhelp acquisition, repay Webhelp debt, and pay fees.
- Remaining $2.15B bridge loan commitment from JPMorgan reduced to zero on August 2, 2023.
- Notes sold in registered public offering; indenture includes customary covenants and events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803599/000180359923000177/0001803599-23-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803599/000180359923000177/cnxc-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001803599-23-000177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer