debt
confidence high
sentiment neutral
materiality 0.50
Concentrix issues $600M 6.5% senior notes due 2029, redeems $600M of 6.65% notes due 2026
Concentrix Corp
- Issued $600M aggregate principal of 6.500% Senior Notes due March 1, 2029 in a registered public offering.
- Net proceeds used with other funds to redeem $600M of its 6.650% Senior Notes maturing August 2, 2026.
- Interest on the new notes payable semi-annually on March 1 and September 1, beginning September 1, 2026.
- Interest rate subject to adjustment upon rating changes by Moody's, S&P or Fitch.
- Notes are redeemable at Concentrix's option, with a par call date of February 1, 2029.
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