Conduent Inc. Files 8-K: Other Events & Financials

TL;DR

Conduent filed an 8-K on May 2nd for other events and financials - check for details.

AI Summary

Conduent Inc. filed an 8-K on May 6, 2024, reporting an event that occurred on May 2, 2024. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits," indicating updates or disclosures related to the company's financial status and significant occurrences. The report does not detail specific dollar amounts or new agreements but serves as a formal notification to the SEC.

Why It Matters

This filing serves as an official notification to the SEC and investors about significant events or financial updates for Conduent Inc., providing transparency on corporate actions.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and 'Financial Statements and Exhibits' without immediate disclosure of material adverse financial changes or significant new risks.

Key Numbers

• 001-37817 — SEC File Number (Identifies Conduent Inc.'s filing with the SEC.)
• 81-2983623 — IRS Employer Identification No. (Conduent Inc.'s tax identification number.)

Key Players & Entities

• CONDUENT Inc (company) — Registrant
• New York (jurisdiction) — State of incorporation
• Florham Park, New Jersey (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value CNDT NASDAQ Global Select Mar
• $164 million — , that it intends to voluntarily prepay $164 million of the outstanding balance of the Senio
• $240 million — ns business to MedRisk. The sale is for $240 million in cash and is subject to customary pur

Filing Documents

• cndt-20240502.htm (8-K) — 30KB
• casualtyclaimssigningpr.htm (EX-99.1) — 15KB
• cndt-20240502_g1.jpg (GRAPHIC) — 3KB
• conduentlogoa101.jpg (GRAPHIC) — 3KB
• 0001677703-24-000084.txt ( ) — 190KB
• cndt-20240502.xsd (EX-101.SCH) — 2KB
• cndt-20240502_lab.xml (EX-101.LAB) — 22KB
• cndt-20240502_pre.xml (EX-101.PRE) — 13KB
• cndt-20240502_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. (1) On May 2, 2024, Conduent Incorporated (the "Company") notified Bank of America, N.A., the Administrative Agent for its Credit Agreement, that it intends to voluntarily prepay $164 million of the outstanding balance of the Senior Secured Term Loan B. (2) On May 3, 2024, the Company issued a press release announcing that the Company, through its subsidiary, Conduent Business Services, LLC ("CBS"), entered into a definitive agreement to sell the Company's Casualty Claims Solutions business to MedRisk. The sale is for $240 million in cash and is subject to customary purchase price adjustments. The purchase price represents approximately 9.5 times the adjusted EBITDA of the disposed business. The consummation of the transaction is subject to regulatory approval and the satisfaction or waiver of customary closing conditions and is expected to close during the third quarter of 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this "Report") and is incorporated by reference into this Item 8.01.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated May 03, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

Forward-Looking Statements This Report and any exhibits to this Report may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended (the "Litigation Reform Act"). The words "anticipate," "believe," "estimate," "expect," "plan," "intend," "will," "aim," "should," "could," "forecast," "target," "may," "continue to," "endeavor," "if," "growing," "projected," "potential," "likely," "see," "ahead," "further," "going forward," "on the horizon," and similar expressions, as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but may not be limited to, statements regarding the expectation that the sale of the Company's Casualty Claims Solutions business to MedRisk will be consummated and the timing of such consummation. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied herein as anticipated, believed, estimated, expected or intended or using other similar expressions. In accordance with the provisions of the Litigation Reform Act, we are making investors aware that such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this Report, any exhibits to this Report and other public statements we make. Important factors and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, but are not limited to: the Company's ability to realize the benefits antic

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this report to be signed on its behalf by the undersigned duly authorized. Date: May 6, 2024 CONDUENT INCORPORATED By: /s/ STEPHEN WOOD Stephen Wood Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR