Concentrix boosts receivables credit line to $750M

Concentrix Corporation has amended its accounts receivable securitization facility to expand its borrowing capacity and extend its duration.

Filing Impact

(Moderate)

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Form Type

8-K

Rhea-AI Filing Summary

Concentrix Corporation has amended its accounts receivable securitization facility to expand its borrowing capacity and extend its duration. The lending commitment under the facility increased from up to $700 million to up to $750 million, giving the company more flexibility to fund working capital secured by receivables.

The amendment also pushes the facility’s termination date from January 14, 2027 to March 20, 2028. Concentrix acts as servicer, with Concentrix Receivables, Inc. as borrower and PNC Bank, National Association as administrative agent, alongside other group agents and lenders.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 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 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Concentrix (CNXC) change in its receivables facility?

Concentrix increased its accounts receivable securitization facility size and extended its maturity. The commitment rose from up to $700 million to up to $750 million, and the termination date moved from January 14, 2027 to March 20, 2028.

How large is Concentrix’s updated securitization facility under the amendment?

The amendment raises lender commitments under Concentrix’s accounts receivable securitization facility to up to $750 million. Previously, available borrowings were capped at up to $700 million, so the change adds $50 million of potential borrowing capacity backed by receivables.

When does Concentrix’s amended securitization facility now expire?

The amended receivables securitization facility now terminates on March 20, 2028. This extends the prior termination date of January 14, 2027, providing Concentrix with a longer-term source of receivables-backed funding for its operations and liquidity planning.

Who are the key parties to Concentrix’s amended receivables facility?

Key parties include Concentrix Corporation as servicer, Concentrix Receivables, Inc. as borrower, and PNC Bank, National Association as administrative agent. The agreement also involves various group agents and lenders that provide the committed funding capacity under the securitization structure.

What SEC item does Concentrix use for this securitization amendment?

The company reports the amendment under Item 1.01, describing entry into a material definitive agreement, and references it again under Item 2.03 regarding creation of a direct financial obligation or an off-balance sheet obligation related to the securitization facility.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/23/2026 - 04:28 PM EDT

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): March 20, 2026

CONCENTRIX CORPORATION

(Exact name of registrant as specified in its charter)


Delaware	001-39494	27-1605762
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)


39899 Balentine Drive, Suite 235, Newark, California						94560
(Address of principal executive offices)						(Zip Code)

(800) 747-0583

(Registrant’s telephone number, including area code)

N/A

(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:


☐			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
Common Stock, par value $0.0001 per share	CNXC	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 March 20, 2026, Concentrix Corporation (the “Company”), as servicer, entered into an amendment (the “Amendment”) to its accounts receivable securitization facility (as amended, the “Securitization Facility”) by and among Concentrix Receivables, Inc., a subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, and the group agents and the lenders party thereto. The Amendment provides for, among other things, (i) an increase in the commitment of the lenders to provide available borrowings from up to $700 million to up to $750 million and (ii) an extension of the termination date of the Securitization Facility from January 14, 2027 to March 20, 2028.

The foregoing description of the Amendment to the Securitization Facility is a summary, and is qualified in its entirety by reference to the Sixth Amendment to the Receivables Financing Agreement by and among Concentrix Receivables, Inc., as borrower, the Company, as servicer, the group agents and the lenders party thereto, and the administrative agent party thereto, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference.

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 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.


Exhibit No.						Description
10.1						Sixth Amendment to Receivables Financing Agreement, dated as of March 20, 2026, by and among Concentrix Receivables, Inc., as borrower, the Company, as servicer, the group agents and the lenders party thereto, and PNC Bank, National Association, as administrative agent.

104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: March 23, 2026	CONCENTRIX CORPORATION

	By:	/s/ Jane C. Fogarty
		Jane C. Fogarty Executive Vice President, Legal

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 EX-10.1 1.1 MB