debt
confidence high
sentiment positive
materiality 0.55
Concentrix prices $600M of 6.500% senior notes due 2029; will redeem $600M of existing 6.650% notes
Concentrix Corp
- Issued $600M principal of 6.500% Senior Notes due 2029; priced Feb 12, 2026.
- Proceeds to redeem $600M of 6.650% Senior Notes due Aug 2, 2026; closing expected Feb 24.
- Existing 2026 notes had $800M outstanding; after redemption $200M will remain.
- Offering led by BofA Securities and J.P. Morgan as joint book-running managers.
- New notes extend maturity from 2026 to 2029 with a slightly lower coupon.
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