Concentrix Corp 8-K

What Happened
Concentrix Corporation announced an offering of $600 million principal amount of 6.500% Senior Notes due 2029 via an underwriting agreement dated February 12, 2026 (underwriters’ reps: BofA Securities and J.P. Morgan). The offering is being made under its effective Form S-3 registration statement and a prospectus supplement dated February 12, 2026, and is expected to close on February 24, 2026, subject to customary conditions. On February 13, 2026, Concentrix notified holders that it will redeem $600 million of its outstanding $800 million aggregate principal of 6.650% Senior Notes due August 2, 2026, with the redemption also scheduled for February 24, 2026.

Key Details

• Offering: $600,000,000 principal of 6.500% Senior Notes due 2029.
• Underwriters: BofA Securities, Inc. and J.P. Morgan Securities LLC (lead representatives).
• Expected closing and redemption date: February 24, 2026 (subject to customary closing conditions).
• Redemption: $600,000,000 of the $800,000,000 outstanding 6.650% Senior Notes due August 2, 2026.

Why It Matters
This transaction would raise $600 million of longer‑dated debt (maturing 2029) while eliminating $600 million of near‑term debt due in August 2026, which materially shifts Concentrix’s near‑term maturity profile. For investors, that means less principal coming due in the next year and a longer time before the company must refinance or repay that portion of debt. The offering’s coupon (6.500%) is slightly lower than the redeemed notes’ coupon (6.650%), so interest expense changes will be modest; the more notable effect is the maturity extension and related liquidity/capital‑structure impact. The offering is subject to customary closing conditions and the underwriting agreement and related press release were filed as exhibits to the 8‑K.