Conduent Incorporated announced the successful completion of a refinancing of its existing term loan and revolving credit agreements.
Key highlights include full prepayment of the term loan, renewed revolving credit facility, and a new performance letter of credit facility.
The refinancing marks a key milestone in Conduent's financial strategy, positioning the company for future growth.
Full Prepayment of Term Loan
The company fully prepaid the term loan as part of the refinancing process.
Renewed Revolving Credit Facility
Conduent secured a renewed revolving credit facility to support its operations.
New Performance Letter of Credit Facility
Introduction of a new performance letter of credit facility to enhance operational capabilities.
- The refinancing strengthens Conduent's financial foundation and provides the right debt mix to support operations and capital allocation strategy.
- This move positions Conduent for future growth and enhances its ability to deliver digital business solutions and services.
With the successful debt refinancing, Conduent Incorporated is well-positioned to navigate future opportunities and continue delivering valuable outcomes for its clients and stakeholders.