Conduent announces intent to refinance its existing term loans and revolving facility

Florham park, n.j., may 21, 2021 (globe newswire) -- conduent incorporated (nasdaq: cndt), a business process services and solutions company, today announced its intention to replace its existing term loans, due in 2022 and 2023, with a new term loan due in 2028 and senior secured notes due in 2029 (the “new notes”), that together are expected to have a principal amount of $1.5 billion. in addition, the company will replace its existing revolving facility with a new $550.0 million revolving facility. the principal amounts of the above financings are subject to change.
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