The refinancing slightly reduces interest expense and extends maturity from 2026 to 2029, improving near-term liquidity. Traders should monitor for any credit rating changes that could trigger an increase in the interest rate.
Price Chart
Executive Summary
Concentrix Corp issued $600 million in 6.500% senior unsecured notes due 2029 to refinance its existing 6.650% notes maturing in August 2026. The new notes were issued under a supplemental indenture and are governed by an existing base indenture with U.S. Bank Trust Company as trustee.
Key Financial Metrics
Key Facts
- Concentrix issued $600 million in 6.500% Senior Notes due 2029
- Proceeds were used to redeem $600 million of its 6.650% Senior Notes due August 2, 2026
- The notes are senior unsecured and rank equally with other senior unsecured debt
- Interest is payable semi-annually on March 1 and September 1, beginning September 1, 2026
- The interest rate may increase if credit ratings are downgraded by Moody's, S&P, or Fitch
Financial Impact
$600 million in new debt issued at 6.500% interest, replacing $600 million of 6.650% debt
Risk Factors
- Potential increase in interest rate if credit ratings are downgraded
- Concentrix remains exposed to refinancing risk for the remaining $200 million of 6.650% notes maturing in 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001803599-26-000074 |
| Document: cnxc-20260224.htm | 0001803599-26-000074 |
| Document: a02-24x26exhibit51.htm | 0001803599-26-000074 |
| Document: 0001803599-26-000074-index-headers.html | 0001803599-26-000074 |
| Document: 0001803599-26-000074-index.html | 0001803599-26-000074 |
| Document: 0001803599-26-000074.txt | 0001803599-26-000074 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | SC 13G/A | $33.88 $33.00 | ▼ −2.60% | ▼ −2.08% | $33.00 (−2.60%) |
Sep 29, 2026 27d ago | Press Release | $24.95 $27.01 | ▼ −8.26% | ▼ −8.08% | $33.00 (−32.26%) |
Sep 22, 2026 4w ago | Institutional Cluster | $30.51 $30.21 | ▼ −0.98% | ▼ −0.26% | $33.00 (+8.16%) |
Jun 29, 2026 17w ago | Press Release | $22.41 $24.41 | ▼ −8.95% | ▼ −9.08% | $33.00 (−47.29%) |
Jun 10, 2026 19w ago | Press Release | $26.27 $26.20 | ▼ −0.27% | ▼ −0.81% | $33.00 (+25.62%) |
May 27, 2026 21w ago | Press Release | $26.25 $26.48 | ▲ +0.88% | ▲ +0.32% | $33.00 (+25.71%) |
May 1, 2026 25w ago | 8-K | $23.51 $23.85 | ▲ +1.45% | ▲ +0.65% | $33.00 (+40.37%) |
Mar 27, 2026 30w ago | 3 | $26.06 $26.32 | ▲ +0.98% | ▲ +1.34% | $33.00 (+26.61%) |
Mar 24, 2026 30w ago | Press Release | $26.12 $24.34 | ▲ +6.84% | ▲ +7.40% | $33.00 (−26.32%) |
Mar 5, 2026 33w ago | Press Release | $34.04 $34.69 | ▲ +1.91% | ▲ +3.23% | $33.00 (−3.04%) |
US Market Status
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