8-K - Concentrix Corporation | StockGist

AI Analysis

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Concentrix Corporation, as servicer, entered into the Sixth Amendment to its accounts receivable securitization facility on March 20, 2026, increasing the lenders' commitment from up to $700 million to up to $750 million and extending the termination date from January 14, 2027, to March 20, 2028. This amendment enhances borrowing capacity and extends the facility's term.

Key Takeaways

1Entered Sixth Amendment on March 20, 2026, to Receivables Financing Agreement dated October 30, 2020

2Increased maximum available borrowings from $700 million to $750 million

3Extended termination date from January 14, 2027, to March 20, 2028

4Parties include Concentrix Receivables, Inc. (borrower), PNC Bank, National Association (administrative agent), and other group agents and lenders

5Exhibit 10.1: Sixth Amendment to Receivables Financing Agreement filed

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 S

Material Agreement

Source Document

Transaction Details

Material Agreement

Agreement: Sixth Amendment to Receivables Financing Agreement
Parties: Concentrix Receivables, Inc. (Borrower), Concentrix Corporation (Servicer), PNC Bank, National Association (Administrative Agent), The Toronto Dominion Bank (Group Agent), Wells Fargo Bank, National Association (Group Agent), MUFG Bank, LTD. (Group Agent)

•Increase in commitment of lenders to provide available borrowings from up to $700 million to up to $750 million
•Extension of termination date from January 14, 2027 to March 20, 2028

Debt / Financing

Instrument: Accounts Receivable Securitization Facility
Principal: $750 million
Maturity: 2028-03-20

Exhibits (2)

10.1

EX-10.1

8-K