Conduent Completes $447M Refinancing, Extends Revolver to May 2029
Conduent extended its $357 million revolving credit facility to May 2029 and added $90 million in commitments, including a $15 million letter of credit facility. The company expects about $550 million in lower surety bond and letter-of-credit needs upon completion of its tolling sale.
Conduent completed a $447M refinancing that extends its $357M revolving credit facility to May 2029 and adds $90M in new commitments, including a $15M letter of credit facility. The company expects its surety bond and letter-of-credit needs to decline by about $550M once the tolling sale is completed.