---
schema_version: "secwatch.filing_event.v1"
accession: "0001803599-24-000117"
form_type: "8-K"
ticker: "CNXC"
cik: "0001803599"
company_name: "Concentrix Corp"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:37:49.212111+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Concentrix increases receivables securitization facility to $600M and extends to April 2026

## Summary
- Commitment raised from $500M to $600M; termination extended from July 2024 to April 2026.
- Interest rate margins: commercial paper rate +0.80%, SOFR +0.90% with 0.10% SOFR adjustment.
- New conduit lenders GTA Funding LLC and Cabot Trail Funding LLC added to facility.
- All conditions precedent satisfied; Performance Guaranty reaffirmed and remains in effect.

## SEC filing metadata
- accession: 0001803599-24-000117
- form_type: 8-K
- ticker: CNXC
- cik: 0001803599
- company_name: Concentrix Corp
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/0001803599-24-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/cnxc-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803599-24-000117
- JSON: https://secwatch.observer/filing/0001803599-24-000117.json
- Plain text: https://secwatch.observer/filing/0001803599-24-000117.txt

## Key facts
- Debt Financings
  Concentrix Corp amended credit facility of from up to $500 million to up to $600 million with PNC Bank, National Association at commercial paper rate plus a spread of 0.80% maturing April 24, 2026.
  - Instrument: credit facility
  - Principal: from up to $500 million to up to $600 million
  - Counterparty: PNC Bank, National Association
  - Rate: commercial paper rate plus a spread of 0.80%
  - Maturity: April 24, 2026
  - Event: amendment
  source text: On April 25, 2024, Concentrix Corporation (the “Company”), as servicer, entered into an amendment (the “Amendment”) to its accounts receivable securitization facility (as amended, the “Securitization Facility”) by and among Concentrix Receivables, Inc., a subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, and the group agents and the lenders party thereto. The Amendment provides for, among other things, an (i) increase in the commitment of the lenders to provide available borrowings from up to $500 million to up to $600 million, (ii) an extension of the termination date of the Securitization Facility from July 5, 2024 to April 24, 2026, and (iii) an amendment to the interest rate margins
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/0001803599-24-000117-index.htm
- Material Agreements
  Concentrix Corp amended Third Amendment to the Receivables Financing Agreement with Concentrix Receivables, Inc., PNC Bank, National Association valued at up to $600 million (effective 2024-04-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Concentrix Receivables, Inc., PNC Bank, National Association
  - Value: up to $600 million
  - Effective: 2024-04-25
  source text: On April 25, 2024, Concentrix Corporation (the “Company”), as servicer, entered into an amendment (the “Amendment”) to its accounts receivable securitization facility (as amended, the “Securitization Facility”) by and among Concentrix Receivables, Inc., a subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, and the group agents and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/0001803599-24-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.