Post by icemandios on Oct 5, 2021 12:46:05 GMT
ITEM 8.01.
Other Events.
Conduent Incorporated, together with its consolidated subsidiaries, has commenced a refinancing process to replace its Credit Agreement Term Loan due 2022, Credit Agreement Term Loan due 2023 and Senior Revolving Credit Facility with a new Senior Secured Credit Agreement consisting of a $265.0 million term loan A, a $515.0 million term loan B and a $550.0 million revolving facility and $520.0 million of Senior Secured Notes due 2029 (the “Notes”). The Notes will be offered in a private placement to persons reasonably believed to be qualified institutional buyers under Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. Persons outside the United States under Regulation S of the Securities Act. There can be no assurance that the offering of the Notes or any of the other above-described refinancing transactions will be completed.
The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.