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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 said it closed a $447 million refinancing transaction. The transaction extends its $357 million revolving credit facility through May.