secwatch.observer — SEC 8-K summary
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Issuer:     Concentrix Corp (CNXC)
CIK:        0001803599
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001803599-24-000117
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/0001803599-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803599/000180359924000117/cnxc-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001803599-24-000117

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