Concentrix (NASDAQ: CNXC) to refinance $600M 2026 notes with 2029 debt

Rhea-AI Filing Summary

Concentrix Corporation is issuing $600 million of 6.500% Senior Notes due 2029 in a public offering under an effective shelf registration. The company has entered into an underwriting agreement led by BofA Securities and J.P. Morgan, with closing expected on February 24, 2026, subject to customary conditions.

Concentrix expects to use the net proceeds, together with other funds, to redeem or otherwise repay all or a portion of its 6.650% Senior Notes due August 2, 2026 and pay related fees and expenses. It has notified holders that $600 million of the currently outstanding $800 million aggregate principal amount of these 2026 Notes will be redeemed on February 24, 2026.

Insights

Corporate finance analyst

Concentrix refinances near-term debt by issuing $600M longer-dated notes.

Concentrix plans to issue $600 million of 6.500% Senior Notes due 2029 and use the net proceeds, alongside other funds, to address its 6.650% Senior Notes due August 2, 2026. This shifts part of its debt from a nearer maturity into a later one.

The company has already notified holders that $600 million of the $800 million outstanding 2026 Notes will be redeemed on February 24, 2026, matching the expected closing date of the new issue. The filing does not quantify net interest cost changes, so the overall economic impact depends on issuance pricing and any remaining 2026 balance management.

Key elements to track in subsequent disclosures are the final net proceeds, any remaining 2026 Notes after the $600 million redemption on February 24, 2026, and updated debt maturity profiles or leverage metrics once the new 2029 Notes are outstanding.

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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): February 12, 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 8.01. Other Events.

On February 12, 2026, Concentrix Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named in Schedule 1 thereto, to issue and sell (the “Offering”) $600 million principal amount of its 6.500% Senior Notes due 2029 (the “Notes”). The Notes are being offered pursuant to a Registration Statement on Form S-3 (File No. 333-273277), which became effective upon filing, and a Prospectus Supplement dated February 12, 2026, to a Prospectus dated July 17, 2023. The Offering is expected to close on February 24, 2026, subject to customary closing conditions.

The Underwriting Agreement contains customary representations and warranties, agreements and obligations, conditions to closing and termination provisions. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.

On February 12, 2026, the Company issued a press release announcing the pricing of the Notes. The press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

On February 13, 2026, the Company notified the holders of its 6.650% Senior Notes due August 2, 2026 (the “2026 Notes”) that the Company has elected to redeem $600 million of the currently outstanding $800 million aggregate principal amount of 2026 Notes on February 24, 2026 in accordance with the indenture governing the 2026 Notes.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
1.1						Underwriting Agreement relating to the Notes, dated February 12, 2026, between the Company and the several underwriters named therein, for whom BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as representatives.
99.1						Press Release dated February 12, 2026.
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: February 13, 2026			CONCENTRIX CORPORATION
			By:			/s/ Jane C. Fogarty
						Jane C. Fogarty Executive Vice President, Legal

Exhibit 99.1

Concentrix Prices $600 Million Senior Notes Offering

Newark, Calif., February 12, 2026 – 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 debt offering did Concentrix (CNXC) announce in this filing?

Concentrix announced a public offering of $600 million aggregate principal amount of 6.500% Senior Notes due 2029. The notes are being issued under an effective shelf registration, with closing expected on February 24, 2026, subject to customary closing conditions.

How will Concentrix (CNXC) use the proceeds from the $600 million notes?

Concentrix expects to use the net proceeds, together with other available funds, to redeem or otherwise repay all or a portion of its 6.650% Senior Notes due August 2, 2026 and to pay related fees and expenses, according to the company’s description.

What is happening to Concentrix’s 6.650% Senior Notes due 2026?

Concentrix has notified holders that it will redeem $600 million of its 6.650% Senior Notes due August 2, 2026 on February 24, 2026. These notes have $800 million aggregate principal amount outstanding as of the announcement date.

Who is underwriting Concentrix’s new 6.500% Senior Notes due 2029 offering?

The underwriting agreement is with BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of several underwriters. Multiple major banks are acting as joint book-running managers and co-managers for this $600 million Senior Notes offering.

Under what registration is Concentrix’s $600 million notes offering being made?

The 6.500% Senior Notes due 2029 are being offered under an effective Form S-3 shelf registration statement (File No. 333-273277) and a prospectus supplement dated February 12, 2026 to a base prospectus dated July 17, 2023.

When are Concentrix’s new notes expected to close and redemption to occur?

The company expects the $600 million 6.500% Senior Notes due 2029 offering to close on February 24, 2026. On the same date, Concentrix plans to redeem $600 million of its outstanding 6.650% Senior Notes due August 2, 2026.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 11.7 KB

Other Documents

• EX-1.1 EX-1.1 208.4 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB