Conduent completes $447M refinancing, extends credit
A qualified securitization or receivables financing facility of not less than $100 million must be entered into by December 31, 2026, with up to 45 days if required lenders agree.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
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.
1 point · 0 major0 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointRevolving facility maturities extend to May 31, 2029.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.The new borrower’s $100 million financing condition carries an event-of-default trigger.
Filing Explained
The old revolver is terminated, but reduced letter-of-credit commitments remain through 2028 and may be reimbursed with the new PLOC facility.
The intercompany facilities lend from the new borrower to Conduent Business Services and other continuing existing entities. Those obligations are secured by first-priority liens on substantially all those entities’ assets, excluding the released Dutch borrower, and share priority with Conduent’s 6.00% Senior Secured Notes due 2029 and the amended existing credit agreement.
The amendment terminated the prior agreement’s revolving commitments, but reduced performance-letter-of-credit commitments remain under it and mature in 2028. The new PLOC facility may fund reimbursement obligations if those letters are drawn and not reimbursed.
8-K Event Classification
5 items: 1.01, 1.02, 2.03, 7.01, 9.01
5 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Refinancing transaction: $447 million
Existing revolving credit facilities: $357 million
Additional commitments: $90 million
+5 more
8 metrics
Refinancing transaction
$447 million
Completed October 23, 2026
Existing revolving credit facilities
$357 million
Refinanced through the new facilities
Additional commitments
$90 million
Added in the refinancing
First-out revolving commitments
Up to $75 million
New facility
Performance letter-of-credit facility
$15 million
New PLOC facility
Repayment to existing lenders
$62 million
From net proceeds of the Public Transit business sale
Factoring Condition
Not less than $100 million
Qualified securitization or receivables financing facility
New revolving facilities maturity
May 31, 2029
Maturity date
Key Terms
first-out senior secured revolving credit facility, second-out senior secured revolving credit facilities, PLOC, Factoring Condition, +1 more
5 terms
first-out senior secured revolving credit facility financial
"first-out senior secured revolving credit facility providing for aggregate commitments of up to $75 million"
second-out senior secured revolving credit facilities financial
"two second-out senior secured revolving credit facilities providing for aggregate commitments of up to $357 million"
PLOC financial
"new $15 million backstop performance letter of credit (PLOC) facility"
Factoring Condition financial
"not less than $100 million (the “Factoring Condition”) by December 31, 2026"
term SOFR rate financial
"applicable term SOFR rate plus a margin of 4.00% and 3.00%"
Term SOFR rate is a forward-looking interest rate for a set period (for example one or three months) based on the overnight cost of borrowing cash using Treasury securities as collateral. Think of it as a quoted, agreed-upon lending rate for a future interval, like locking in the expected short-term borrowing cost ahead of time. Investors care because it is used to price loans, bonds and derivatives as a transparent replacement for older benchmarks, affecting interest payments and valuation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the terms of Conduent's CNDT refinancing?
The completed transaction totals $447 million and extends the revolving facilities to May 31, 2029. It includes up to $75 million in first-out commitments, up to $357 million in second-out commitments and a $15 million performance letter-of-credit facility; the additional commitments total $90 million.
How much did Conduent repay using Public Transit sale proceeds?
Conduent repaid $62 million to certain existing lenders under the new second-out revolving facilities using net proceeds from the Public Transit business sale. The repayment was made as part of the refinancing completed October 23, 2026.
What is the factoring condition in Conduent's new credit agreement?
The new borrower and its subsidiaries must enter a qualified securitization or receivables financing facility of not less than $100 million by December 31, 2026. The deadline may extend by up to 45 days if the applicable required lenders agree, and failure to meet the condition is an event of default.
What can Conduent's new PLOC facility fund?
The $15 million PLOC facility may fund reimbursement obligations for performance letters of credit outstanding under the existing credit agreement. Loans under the facility are deemed made when such a letter of credit is drawn and not reimbursed, and are due on demand.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 23, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) (Zip Code) | ||||||||
Registrant’s telephone number, including area code: (844 ) 663-2638
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR 240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
On October 23, 2026 (the “Closing Date”), Conduent Incorporated (the “Company”) completed a refinancing of its existing $357 million senior secured revolving credit facilities (the “Existing Revolving Credit Facilities”) with its existing revolving lenders (the “Existing Lenders”) by extending the maturities thereof and adding $90 million of additional commitments, comprised of $75 million of new first-out revolving commitments and establishing a new $15 million backstop performance letter of credit (“PLOC”) facility (the “Refinancing Transactions”).
As part of the Refinancing Transactions, Conduent Government Holdings I, LLC, as holdings (“New Holdings”), Conduent Government Holdings II, LLC, as borrower (“New Borrower”), each an indirect wholly-owned subsidiary of the Company, and the GHS/EES Subsidiaries (as defined below), entered into the New Credit Agreement (as defined below) containing (i) a first-out senior secured revolving credit facility providing for aggregate commitments of up to $75 million (the “New First-Out Revolving Credit Facility”), (ii) two second-out senior secured revolving credit facilities providing for aggregate commitments of up to $357 million (the “New Second-Out Revolving Credit Facilities” and together with the New First-Out Revolving Credit Facility, the “New Revolving Credit Facilities”) and (iii) the new PLOC facility, providing for aggregate commitments of up to $15 million, which may be used to fund reimbursement obligations in respect of PLOCs outstanding under the Existing Credit Agreement (the “New PLOC Credit Facility” and together with the New Revolving Credit Facilities, the “New Facilities”). The Existing Lenders replaced all revolving obligations under the Existing Revolving Credit Facilities with the New Second-Out Revolving Credit Facilities. All revolving obligations under the Existing Revolving Credit Facilities were deemed to be repaid with the amounts outstanding on the Closing Date under the New Second-Out Revolving Credit Facilities, which were on-lent to Conduent Business Services, LLC under the Intercompany Second-Out Revolving Credit Facility (as defined below) provided by New Borrower.
The Company, Conduent Business Services, LLC, Conduent State & Local Solutions, Inc. and Affiliated Computer Services International B.V. (“Released Dutch Borrower”), and certain subsidiaries of the Company, as guarantors, (collectively, the “Existing Entities”) also amended the Existing Credit Agreement (as defined below) to, among other changes, permit the Refinancing Transactions.
Concurrently, the Company contributed certain assets, including the equity of certain wholly-owned subsidiaries (the “GHS/EES Subsidiaries”), relating to the Company’s government health services and eligibility and enrollment services businesses to New Borrower. The Company released the GHS/EES Subsidiaries as guarantors and grantors of collateral under the Existing Credit Agreement. The GHS/EES Subsidiaries all remain wholly owned subsidiaries of the Company.
New Credit Agreement
On the Closing Date, the New Holdings, New Borrower and certain GHS/EES Subsidiaries, as guarantors (collectively, the “New Entities”) entered into that certain Credit Agreement (the “New Credit Agreement”), together with the lenders party thereto, and Bank of America, N.A., as administrative agent and collateral agent (the “Administrative Agent”), which provides for the New Facilities.
The New Facilities are guaranteed by the New Entities (other than New Borrower with respect to its own obligations) and the obligations are secured by a first priority lien on substantially all the assets of the New Entities.
Borrowings under the New First-Out Revolving Credit Facility and the New Second-Out Revolving Credit Facilities bear interest at a per annum rate equal to, at the option of the borrower, (i) the applicable term SOFR rate plus a margin of 4.00% and 3.00%, respectively or (ii) the applicable base rate plus a margin of 3.00% and 2.00%, respectively, and mature on May 31, 2029. Loans under the New PLOC Facility are deemed made when a PLOC under the Existing Credit Agreement is drawn and not reimbursed, are due on demand and bear interest at the rate applicable to the New Second-Out Extended Revolving Credit Facility plus 2.00%. Additionally, the New Revolving Credit Facilities are subject to a 0.50% commitment fee and other customary upfront fees. No amounts were drawn under the New First-Out Revolving Credit Facility as of the Closing Date.
The New Revolving Credit Facilities are subject to customary voluntary and mandatory prepayment provisions, including requirements to permanently prepay portions of the New Revolving Credit Facilities with the proceeds of certain asset sales or upon the occurrence of certain other events. Specifically, the Company repaid $62 million to certain of the Existing Lenders under the New Second-Out Revolving Credit Facilities from net proceeds from the previously disclosed sale of our Public Transit business. Upon payment of certain amounts from the net proceeds of both the Public Transit and Tolling businesses, the aggregate commitments under the New Second-Out Revolving Credit Facilities will be reduced as described in the New Credit Agreement.
The New Credit Agreement also contains customary affirmative covenants, representations and warranties and events of default for borrowers and facilities of this type, including, among others, payment defaults, breaches of representations and warranties, covenant defaults, cross-defaults to other indebtedness and insolvency events. Additionally, the New Credit Agreement includes an event of default if New Borrower and its subsidiaries have not entered into a qualified securitization or receivables financing facility of not less than $100 million (the “Factoring Condition”) by December 31, 2026 (or up to 45 days past such date if agreed by the applicable required lenders) or such Factoring Condition fails to be met anytime thereafter. In addition, the New Credit Agreement includes customary negative covenants for borrowers and facilities of this type that, among other things, restrict the ability of the New Entities to pay dividends or make other distributions, make investments, incur additional indebtedness and engage in certain other activities.
The New Credit Agreement also contains certain customary financial maintenance covenants for borrowers and facilities of this type which, among other things, require the Company to maintain certain specified leverage ratios and liquidity and New Borrower to maintain a certain minimum Adjusted EBITDA.
The foregoing summary and description of the New Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the New Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (the “Report”) and incorporated by reference herein.
Amendment to Existing Credit Agreement
On the Closing Date, the Existing Entities entered into Amendment No. 5 (the “Amendment”), with the existing revolving lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent (the “Existing Agent”), to the Credit Agreement (the “Existing Credit Agreement”), dated as of October 15, 2021, among the Existing Entities, the lenders and L/C issuers party thereto and the Existing Agent.
The Amendment made certain changes to the Existing Credit Agreement to permit the Refinancing Transactions, extinguish all revolving commitments thereunder and reduce the performance letters of credit commitments as described in the Amendment, which mature in 2028, as of the Closing Date. Reimbursement obligations in respect of those performance letters of credit may be funded with loans under the New PLOC Facility, as described above.
The foregoing summary and description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is filed as Exhibit 10.2 to this Report and incorporated by reference herein.
Intercompany Credit Agreement
On the Closing Date, the Existing Entities (other than the Released Dutch Borrower) entered into that certain Intercompany Credit Agreement (the “Intercompany Credit Agreement”), with the New Borrower, as lender, and Ankura Trust Company, LLC, as administrative agent and collateral agent (the “Intercompany Agent”), providing for (i) a first-out senior secured revolving credit facility providing for aggregate commitments of up to $75 million (the “Intercompany First-Out Revolving Credit Facility”), (ii) two second-out senior secured revolving credit facilities providing for aggregate commitments of up to $357 million (the “Intercompany Second-Out Revolving Credit Facilities” and together with the Intercompany First-Out Revolving Credit Facility, the “Intercompany Revolving Credit Facilities”) and (iii) a $15 million PLOC facility, the proceeds of which may be used to satisfy reimbursement obligations in respect of PLOCs (the “Intercompany PLOC Credit Facility” and together with the Intercompany Revolving Credit Facilities, the “Intercompany Facilities”).
The Intercompany Facilities are guaranteed by each of the Existing Entities that remain as guarantors following the Refinancing Transactions and the obligations thereunder are secured by a first priority lien on substantially all of the assets of the Existing Entities (other than the Released Dutch Borrower), pari passu with the Company’s existing 6.00% Senior Secured Notes due 2029 (the “Senior Notes”) and with the Existing Credit Agreement, as amended by the Amendment.
Borrowings under the Intercompany Credit Agreement bear interest at a per annum rate equal to the rate applicable to the corresponding facility under the New Credit Agreement (including term SOFR or base rate plus the applicable margin) and mature on May 31, 2029.
The Intercompany Credit Agreement contains terms that are consistent with the New Credit Agreement, including affirmative and negative covenants, events of default and mandatory repayments.
In connection with entrance into the Intercompany Credit Agreement, the Intercompany Agent joined the existing first lien intercreditor agreement as an additional first lien collateral representative.
The foregoing summary and description of the Intercompany Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Intercompany Credit Agreement, a copy of which is filed as Exhibit 10.3 to this Report and incorporated by reference herein.
Item 1.02. Termination of a Material Definitive Agreement.
In connection with the Amendment as described in Item 1.01 above, on the Closing Date, all outstanding revolving obligations under the Existing Credit Agreement were determined to be repaid as set forth above and all revolving commitments thereunder were terminated. The performance letters of credit commitments under the Existing Credit Agreement, as amended by the Amendment, were reduced as described in Item 1.01 and remain committed (and reduced as described in Item 1.01) under the Existing Credit Agreement, as amended by the Amendment.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.
Item 7.01. Regulation FD Disclosure.
On October 23, 2026, the Company issued a press release announcing the closing of the Refinancing Transactions. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information contained in Item 7.01 of this Report and in Exhibit 99.1 to this Report shall not be deemed “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section. The information contained in Item 7.01 of this Report shall not be incorporated by reference into any registration statement or other document or filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
10.1 | Credit Agreement, dated as of October 23, 2026, among Conduent Government Holdings I, LLC, as holdings, Conduent Government Holdings II, LLC, as borrower, the other guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent and an L/C Issuer | |||||||
10.2 | Amendment No. 5 to Credit Agreement, dated as of October 23, 2026, among Conduent Business Services, LLC, Conduent State & Local Solutions, Inc., Affiliated Computer Services International B.V., Conduent Incorporated, the other guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent. | |||||||
10.3 | Intercompany Credit Agreement, dated as of October 23, 2026, among Conduent Business Services, LLC, Conduent State & Local Solutions, Inc., Conduent Incorporated, the other guarantors party thereto, the lenders party thereto and Ankura Trust Company, LLC, as administrative agent and collateral agent. | |||||||
99.1 | Press Release, dated October 23, 2026 (furnished pursuant to Item 7.01). | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
Forward-Looking Statements
This Report and any exhibits to this Report may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. The words "anticipate," "believe," "estimate," "expect," "plan," "intend," "will," "aim," "should," "could," "forecast," "target," "may," "continue to," "endeavor," "if," "growing," "projected," "potential," "likely," "see," "ahead," "further," "going forward," "on the horizon," and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but may not be limited to, statements, including in the exhibits to this Report, regarding the Company’s Public Transit and Tolling business sales and our ability to meet the requirements and obligations under the New Credit Agreement and the Intercompany Credit Agreement, including the Factoring Condition. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this Report, any exhibits to this Report and other public statements we make. Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: our significant indebtedness and the terms of such indebtedness; our ability to refinance, extend or replace our indebtedness on acceptable terms or at all; our failure to obtain or maintain a satisfactory credit rating and financial performance; and other factors that are set forth in the "Risk Factors" and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this Report speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, registrant has duly authorized this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 23, 2026
| CONDUENT INCORPORATED | ||||||||||||||
| By: | /s/ GEORGE ABATE | |||||||||||||
| George Abate | ||||||||||||||
| Vice President, Chief Accounting Officer | ||||||||||||||
EXHIBIT 99.1
News from Conduent
Conduent Completes $447 Million Refinancing, Advancing Deleveraging and De-Risking
Transaction extends revolving credit maturities to May 2029, adds $90 million in commitments, including a $15 million letter of credit facility — and bolsters Conduent’s financial foundation to execute ASCEND 2026–28.
FLORHAM PARK, N.J.--(BUSINESS WIRE)--Oct. 23, 2026-- Conduent Incorporated (Nasdaq: CNDT) (“Conduent” or the “Company”), a global technology-enabled operating partner, today announced the successful closing of a comprehensive $447 million refinancing transaction. The transaction extends the Company’s $357 million revolving credit facility through May 2029 and adds $90 million in additional commitments from its existing bank lenders, including a $15 million letter of credit facility, reflecting confidence in the Company’s strategy. Together with the Company’s recent and announced divestitures, including the use of proceeds to repay debt, these actions advance Conduent’s strategy to delever and de-risk its business and create greater flexibility to execute ASCEND 2026–28, the Company’s strategic plan outlined at its recent Investor Day.
The transaction establishes new revolving credit facilities with a group of existing bank lenders and rolls certain commitments under the existing revolver into the new facilities, extending the maturities from October 2026 and May 2028 to May 2029.
The transaction builds on Conduent’s recently completed sale of its Public Transit business and the announced sale of its Tolling business. Together, these portfolio actions and the refinancing are expected to reduce the Company’s surety bond and letter-of-credit portfolio by approximately $550 million upon completion of the announced Tolling sale, significantly reducing financial encumbrances and releasing capital currently supporting those instruments.
With maturities extended to 2029, Conduent can continue investing in its core businesses and executing ASCEND 2026–28, the Company’s plan to accelerate profitable growth by standardizing its operations, specializing in the core solutions where it can lead and win, and
1
EXHIBIT 99.1
scaling its go-to-market capabilities. The Company’s government and commercial programs, which millions of people rely on every day, continue without interruption.
“Deleveraging and de-risking are important priorities as we advance ASCEND 2026–28. We've extended our maturities, secured additional commitments from our banking partners and used divestiture proceeds to repay debt. Together with a meaningful reduction in our surety bond and letter-of-credit requirements, these actions strengthen our financial foundation and give us greater flexibility to invest in our core businesses and execute our strategy. They also support or mission to be the premier AI-led and technology-enabled business process partner for Government and Commercial clients, helping them, modernize operations, enhance customer and constituent experiences, and achieve measurable business outcomes. Our banking partners' commitment of new capital reflects their confidence in our strategy and our ability to execute ASCEND 2026–28," said Harsha V. Agadi, Conduent President and Chief Executive Officer.
Lazard served as strategic advisor to Conduent.
About Conduent Incorporated (NASDAQ: CNDT)
Conduent is a global technology-enabled operating partner that helps businesses and governments simplify complexity, modernize mission-critical operations and deliver measurable outcomes through AI, automation, data and human expertise. Learn more at www.conduent.com.
2
EXHIBIT 99.1
Forward-Looking Statements
This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. The words "anticipate," "believe," "estimate," "expect," "plan," "intend," "will," "aim," "should," "could," "forecast," "target," "may," "continue to," "endeavor," "if," "growing," "projected," "potential," "likely," "see," "ahead," "further," "going forward," "on the horizon," and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but may not be limited to, statements regarding the Company’s Public Transit and Tolling business sales and our ability to meet the requirements and obligations under the new revolving credit facilities entered into in connection with the Transaction. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: our significant indebtedness and the terms of such indebtedness; our ability to refinance, extend or replace our indebtedness on acceptable terms or at all; our failure to obtain or maintain a satisfactory credit rating and financial performance; and other factors that are set forth in the "Risk Factors" and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this press release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law
3
EXHIBIT 99.1
Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit https://x.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.
Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261023315239/en/
Media Contacts:
Remy Kaul, Conduent, media@conduent.com
Investor Contacts:
Nick Goel, Conduent, ir@conduent.com
Source: Conduent Incorporated
4