Concentrix Prices $600 Million Senior Notes Offering

Rhea-AI Summary

Concentrix (NASDAQ: CNXC) priced a public offering of $600 million aggregate principal amount of 6.500% senior notes due 2029. The company expects to use net proceeds, together with other available funds, to redeem or repay some or all of its 6.650% senior notes due August 2, 2026; $800 million remains outstanding.

The Offering is expected to close on February 24, 2026, subject to customary closing conditions, and will be conducted under an effective shelf registration. Joint book-runners and co-managers are listed in the announcement.

Positive

• Priced $600M 6.500% senior notes due 2029
• Proceeds intended to redeem 2026 notes with $800M outstanding

Negative

• Offering $600M may not fully cover $800M 2026 notes outstanding
• New debt carries a relatively high coupon of 6.500%

News Market Reaction

-12.99%

105 alerts

-12.99% News Effect

-11.2% Trough in 3 hr 10 min

-$304M Valuation Impact

$2.04B Market Cap

0.7x Rel. Volume

On the day this news was published, CNXC declined 12.99%, reflecting a significant negative market reaction. Argus tracked a trough of -11.2% from its starting point during tracking. Our momentum scanner triggered 105 alerts that day, indicating very high trading interest and price volatility. This price movement removed approximately $304M from the company's valuation, bringing the market cap to $2.04B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New notes size: $600 million Coupon rate: 6.500% Maturity year: 2029 +5 more

8 metrics

New notes size $600 million Aggregate principal amount of 6.500% Senior Notes due 2029

Coupon rate 6.500% Interest rate on new Senior Notes due 2029

Maturity year 2029 Maturity of new Senior Notes

Existing notes coupon 6.650% Coupon on 2026 Senior Notes to be redeemed or repaid

Existing notes outstanding $800 million Aggregate principal amount of 6.650% 2026 Notes outstanding

Existing notes maturity date August 2, 2026 Maturity of 6.650% Senior Notes

Expected closing date February 24, 2026 Expected closing of the new notes offering

Price move today -12.99% CNXC share price change prior to this news

Market Reality Check

Price: $30.39 Vol: Volume 2,251,957 is 78% a...

high vol

$30.39 Last Close

Volume Volume 2,251,957 is 78% above the 20-day average of 1,267,353, indicating elevated trading interest ahead of the notes offering. high

Technical Shares at $30.30 are trading below the 200-day moving average of $47.59 and sit close to the 52-week low of $29.35, well off the 52-week high of $66.00.

Peers on Argus

CNXC fell 12.99% while peers showed mixed, generally smaller moves: GLOB -11.04%...

CNXC fell 12.99% while peers showed mixed, generally smaller moves: GLOB -11.04%, DXC -6.27%, CLVT and VRRM -0.81%, and WNS roughly flat at 0.10%. This points to a CNXC-specific reaction to the notes offering rather than a broad sector move.

Historical Context

5 past events · Latest: 2026-01-27 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-01-27	ESG recognition	Positive	-2.5%	Top CDP climate score and progress toward 2030 ESG goals.
2026-01-20	AI leadership award	Positive	-7.0%	Named a Leader in GenAI-powered business transformation with strong client metrics.
2026-01-13	Earnings release	Negative	-3.2%	FY25 results with large non-cash goodwill impairment driving operating losses.
2025-12-23	Earnings date set	Neutral	+3.7%	Announcement of Q4 and FY25 results release date and investor call details.
2025-12-22	AI product launch	Positive	-1.9%	Launch of pre-built conversational AI agents on Agentic Operating Framework.

Pattern Detected

Recent history shows several positive or strategic announcements followed by negative price reactions, while more routine scheduling news drew a positive response, suggesting a tendency for the stock to sell off around substantive updates.

Recent Company History

Over the last few months, Concentrix has reported multiple notable developments. ESG recognition from CDP and leadership accolades in GenAI business transformation both coincided with share price declines. Fiscal 2025 earnings reflected strong non-GAAP metrics but were weighed down by a large goodwill impairment, and the stock fell again. Product-focused AI announcements also saw negative reactions, while a simple earnings release scheduling drew a modest gain. Against this backdrop, the new senior notes offering continues a pattern of material news intersecting with share-price pressure.

Market Pulse Summary

The stock dropped -13.0% in the session following this news. The decline reflects investor sensitivi...

Analysis

The stock dropped -13.0% in the session following this news. The decline reflects investor sensitivity to capital-structure moves as Concentrix priced $600 million of 6.500% Senior Notes due 2029 to redeem or repay its $800 million 6.650% 2026 Notes. Leverage and refinancing activity have arrived after prior news events that also saw negative reactions, including earnings with a large goodwill impairment. If selling pressure persists, it may relate to concerns about debt load and overall risk tolerance rather than the mechanics of this single offering.

Key Terms

senior notes, prospectus supplement, prospectus, public offering, +4 more

8 terms

senior notes financial

"it has priced a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

prospectus supplement regulatory

"Before investing, you should read the prospectus supplement and accompanying prospectus relating to and describing the terms of the Offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

prospectus regulatory

"read the prospectus supplement and accompanying prospectus relating to and describing the terms of the Offering"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

public offering financial

"it has priced a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

aggregate principal amount financial

"a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

u.s. securities and exchange commission regulatory

"previously filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”)"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

edgar regulatory

"These documents are available for free by visiting EDGAR on the SEC website at www.sec.gov."

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

joint book-running managers financial

"are acting as joint book-running managers and Fifth Third Securities, Inc., Goldman Sachs & Co. LLC"

Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.

AI-generated analysis. Not financial advice.

NEWARK, Calif., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (the “Company”) (NASDAQ: CNXC), a global technology and services leader, today announced that it has priced a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029 (the “Offering”). The Company expects to use the net proceeds from the Offering, together with other available funds, as necessary, to redeem or otherwise repay at or prior to maturity all or a portion of its 6.650% Senior Notes due August 2, 2026 (the “2026 Notes”), of which $800 million aggregate principal amount is outstanding as of the date hereof, and pay related fees and expenses. The Offering is expected to close on February 24, 2026, subject to customary closing conditions.

BofA Securities, Inc., J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers and Fifth Third Securities, Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., and Standard Chartered Bank are acting as co-managers for the Offering.

The Offering will be made pursuant to an effective shelf registration statement, previously filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”). Before investing, you should read the prospectus supplement and accompanying prospectus relating to and describing the terms of the Offering, as well as other documents the Company has filed with the SEC, for a more complete understanding of the Company and the Offering. These documents are available for free by visiting EDGAR on the SEC website at www.sec.gov.

Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting BofA Securities, Inc. at NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, E-mail: dg.prospectus_requests@bofa.com or toll-free at 1-800-294-1322 or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.

This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction, nor shall this press release constitute an offer to purchase or a solicitation of an offer to sell the 2026 Notes.

About us: Experience the power of Concentrix
Concentrix Corporation (NASDAQ: CNXC), a Fortune 500® company, is the global technology and services leader that powers the world’s best brands, today and into the future. We’re human-centered, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. Whether it’s designing game-changing brand experiences, building and scaling secure AI technologies, or running digital operations that deliver global consistency with a local touch, we have it covered. At the heart of everything we do lies a commitment to transforming the way companies connect, interact, and grow. We’re here to redefine what success means, delivering outcomes unimagined across every major vertical in 70+ markets. Virtually everywhere.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, statements regarding the Offering and the redemption or repayment of the 2026 Notes and statements that include words such as “plans”, “believe”, “expect”, “may”, “will”, “provide”, “could” and “should” and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2026 Concentrix Corporation. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.

From Fortune ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of Concentrix.

Investor Contact:
Sara Buda
Investor Relations
Concentrix Corporation
sara.buda@concentrix.com
(617) 331-0955

FAQ

What did Concentrix (CNXC) announce about the $600 million senior notes on February 12, 2026?

Concentrix priced a public offering of $600 million 6.500% senior notes due 2029. According to the company, net proceeds are expected to help redeem or repay some or all of its 6.650% senior notes due August 2, 2026.

When does Concentrix expect the CNXC 2029 notes offering to close?

The company expects the offering to close on February 24, 2026, subject to customary closing conditions. According to the company, closing timing depends on satisfying usual underwriting and regulatory conditions before settlement.

How much of Concentrix's 2026 notes are outstanding and will the $600M offering cover them?

Concentrix reports $800 million aggregate principal amount outstanding on the 2026 notes. According to the company, the $600 million offering is intended to redeem or repay some or all, so it may not fully cover the $800 million outstanding.

What is the coupon and maturity on the new Concentrix (CNXC) senior notes due 2029?

The new notes carry a 6.500% coupon and mature in 2029. According to the company, these terms apply to the $600 million aggregate principal amount priced in the public offering.

Who are the lead managers for Concentrix's $600M notes offering (CNXC)?

Joint book-running managers include BofA Securities and J.P. Morgan, among others, with several co-managers named. According to the company, the syndicate lists major global banks as book-runners and co-managers for the Offering.