Conduent Incorporated (CNDT) completed a $447 million refinancing on October 23, 2026, replacing its existing $357 million revolving credit facilities and extending the revolving facilities’ maturities to May 31, 2029. The new package provides up to $75 million of first-out revolving commitments, up to $357 million of second-out revolving commitments and a $15 million performance letter-of-credit facility; it adds $90 million of commitments. No amounts were drawn under the new first-out facility at closing.
Conduent repaid $62 million to certain existing lenders under the new second-out facilities using net proceeds from the Public Transit business sale. It also contributed assets, including equity in subsidiaries tied to government health services and eligibility and enrollment services, to the new borrower; those subsidiaries remain wholly owned by Conduent.
The new agreement makes it an event of default if the new borrower and its subsidiaries have not entered a qualified securitization or receivables financing facility of not less than $100 million by December 31, 2026, with up to 45 days beyond that date if the applicable required lenders agree, or if the condition later fails. The facilities are secured by first-priority liens on substantially all assets of the new entities.
Conduent Incorporated (CNDT), Conduent Business Services, LLC and Conduent State & Local Solutions, Inc. entered into a settlement agreement with plaintiffs in a consolidated class action pending in the U.S. District Court for the District of New Jersey concerning the previously disclosed January 2025 cybersecurity incident. If the court approves the agreement, it will resolve the lawsuit.
The Company will fund $80 million into a non-reversionary settlement fund; this is its total monetary obligation and includes class-member recovery, credit and medical data monitoring, plaintiffs’ counsel fees and settlement administration. Upon final approval, the agreement releases the Company, its affected clients and those clients’ affected customers from claims arising from or relating to the incident. The agreement is not an admission of fault or liability, which the Company denies. The Company says it maintains cyber insurance and does not expect the settlement to materially affect its financial position, results of operations or cash flows.
Conduent Incorporated (CNDT) and certain revolving credit lenders entered Amendment No. 4 to the Credit Agreement, extending the maturity of revolving credit commitments scheduled to mature on October 15, 2026 to October 30, 2026. The amendment does not affect maturity dates of the remaining revolving credit commitments. Conduent said it and its revolving credit lenders are finalizing a refinancing of the facilities.
Conduent Incorporated completed the sale of its public transit and fare collection business to Modaxo France Holdings SAS at a $164 million base purchase price, subject to customary adjustments. Conduent received $140 million in cash at closing; the buyer retained a $10 million purchase-price holdback for a maximum of one year and a $12 million special holdback whose release depends on target completion dates for a former customer. Other closing adjustments were $2 million, and $15 million in cash was transferred to the buyer at closing.
An amendment made Modaxo France Holdings SAS the sole buyer and waived certain closing conditions related to governmental filings. A subsequent sale of certain assets located in India to a subsidiary of the buyer is subject to required Indian regulatory approval. Conduent intends to use $125 million in net proceeds to repay its revolving credit facility; it expects to pay $3 million in transaction costs and $7 million in income taxes in the fourth quarter of 2026. Separately, the Tolling business sale to Quarterhill is expected to close before the end of 2026. Unaudited pro forma statements show 2025 revenue of $2.671 billion versus historical revenue of $3.042 billion; these statements are not forecasts of future results.
At Investor Day, Conduent Incorporated outlined its ASCEND 2026–28 framework: standardize operations and infrastructure, specialize in core solutions, and scale go-to-market efforts. Its signed Public Transit and Tolling transactions are expected to yield $234 million in gross proceeds, including $164 million for Public Transit and $70 million for Tolling, plus a 7% equity interest in Tolling buyer Quarterhill Inc.
Revenue outlook is $2.15–$2.25 billion for 2026 and 2027, and $2.25–$2.35 billion for 2028; the 2026 outlook is identified as post transportation divestitures. Adjusted EBITDA, a non-GAAP measure, is projected at $210–$250 million in 2028, with a 9.3%–10.6% margin range. Conduent says it cannot reconcile forward-looking Adjusted EBITDA and margin to comparable GAAP measures without unreasonable efforts.
CONDUENT Inc (CNDT) reported that Conduent Incorporated and Conduent Business Services, LLC are defendants in U.S. lawsuits related to individuals who received notification letters after a January 2025 cybersecurity incident. Substantially all suits have been consolidated in the U.S. District Court for the District of New Jersey as In re: Conduent Business Services Data Breach Litigation.
The company denies the plaintiffs’ allegations but reached an agreement in principle to settle the consolidated case in August 2026, which was disclosed in a joint status report filed with the court on September 10, 2026. The settlement documentation is not finalized and remains subject to court approval, whose timing is uncertain. Conduent states that it maintains cyber insurance and does not expect the settlement to have a material impact on its financial position, results of operations, or cash flows.
CONDUENT Inc (symbol: CNDT) is the issuer of record for a Form 4 filing submitted to the SEC. Novoseletsky Anna Rose reported acquisition or exercise transactions in this Form 4 filing.
CONDUENT Inc (CNDT) reported that executive officer Anna Rose Novoseletsky, EVP, GC & Secretary, received equity awards in the form of common-stock-based units on August 31, 2026. These include a grant of 145,348 RSUs vesting in three equal annual installments from August 31, 2027 through August 31, 2029, and 72,674 PRSUs that vest on August 31, 2029 only if both continued service and specified share-price hurdles between $2.50 and $5.00 per share are achieved. No Rule 10b5-1 trading plan is reported.
CONDUENT Inc (CNDT) reported that Anna Sever, President Government Solutions, had 7,721 shares of common stock withheld on August 31, 2026 to pay tax liabilities arising from the vesting of Restricted Stock Units. After this tax-withholding disposition, she directly holds 174,561 shares of CONDUENT common stock.
CONDUENT Inc (CNDT) reported initial equity holdings for Anna Sever, President Government Solutions, on a Form 3. She beneficially holds 182,282 equity-based interests, consisting of 35,866 shares of common stock, 101,739 time-based RSUs, and performance-based PRSUs targeting 16,044 shares from 2024 awards and 28,633 shares from 2025 awards, all settled in common stock upon meeting vesting and performance conditions.
CONDUENT Inc (CNDT) filed an initial statement of beneficial ownership for George Wehbe, President Commercial Solutions. He reports direct beneficial ownership of 175,653 shares of common stock, combining currently owned shares and equity awards.
The position includes 840 shares owned outright, 116,543 RSUs granted May 13, 2026 that vest in three equal installments on December 31, 2026, 2027 and 2028, and 58,270 performance RSUs that cliff vest on December 31, 2028 subject to stock-price hurdles between $2.50 and $5.00 per share.