Concentrix amends credit facility: adds $1.5B delayed draw, extends maturities, refinances $750M term loan

Concentrix Corp

New unsecured facilities: $750M 3-year term loan, $250M 3-year delayed draw, $500M 5-year delayed draw, and $1.1B revolver; $750M converted to Continued Term Loan maturing Dec 2026.
Delayed draw proceeds (up to $750M) to repay €700M promissory note from Webhelp deal; must be drawn by Sep 30, 2025.
Covenants: max leverage ratio 3.75x (4.25x post qualified acquisitions), min interest coverage 3.00x.
Bank of America replaces JPMorgan as administrative agent under restated credit agreement.
Maturities: New term & 3-year DD Sep 30, 2028; 5-year DD & revolver Apr 11, 2030 (revolver extendable).

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