Concentrix Corp Enters Material Definitive Agreement

TL;DR

Concentrix just signed a big deal, expect financial obligations.

AI Summary

On January 14, 2025, Concentrix Corporation entered into a material definitive agreement, which also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates Concentrix Corporation has entered into a significant agreement that will likely have financial implications and obligations for the company.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks and uncertainties for a company.

Key Players & Entities

• Concentrix Corporation (company) — Registrant
• January 14, 2025 (date) — Date of Earliest Event Reported

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share CNXC The Nasdaq Stock Market
• $600 million — provide available borrowings from up to $600 million to up to $700 million and (ii) an exten
• $700 million — owings from up to $600 million to up to $700 million and (ii) an extension of the terminatio

Filing Documents

• cnxc-20250114.htm (8-K) — 28KB
• exhibit101-fourthamendment.htm (EX-10.1) — 1184KB
• 0001803599-25-000014.txt ( ) — 1518KB
• cnxc-20250114.xsd (EX-101.SCH) — 2KB
• cnxc-20250114_lab.xml (EX-101.LAB) — 22KB
• cnxc-20250114_pre.xml (EX-101.PRE) — 13KB
• cnxc-20250114_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On January 14, 2025, Concentrix Corporation (the "Company"), as servicer, entered into an amendment (the "Amendment") to its accounts receivable securitization facility (as amended, the "Securitization Facility") by and among Concentrix Receivables, Inc., a subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, and the group agents and the lenders party thereto. The Amendment provides for, among other things, an (i) increase in the commitment of the lenders to provide available borrowings from up to $600 million to up to $700 million and (ii) an extension of the termination date of the Securitization Facility from April 24, 2026 to January 14, 2027. The foregoing description of the Amendment to the Securitization Facility is a summary, and is qualified in its entirety by reference to the Fourth Amendment to the Receivables Financing Agreement by and among Concentrix Receivables, Inc., as borrower, the Company, as servicer, the group agents and the lenders party thereto, and the administrative agent party thereto, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference. Item 2.03. Creation of a Direct Financial Obligation or Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated in this Item 2.03 by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Document Description 10.1 Fourth Amendment to Receivables Financing Agreement, dated as of January 14, 2025, by and among Concentrix Receivables, Inc., as borrower, the Company, as servicer, the group agents and the lenders party thereto, and PNC Bank, National Association, as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 21, 2025 CONCENTRIX CORPORATION By: /s/ Jane C. Fogarty Jane C. Fogarty Executive Vice President, Legal

View Full Filing

View this 8-K filing on SEC EDGAR