Concentrix Corporation announces $600 million public offering of 6.500% Senior Notes due 2029 to refinance existing debt.
Quiver AI Summary
Concentrix Corporation announced the pricing of a public offering of $600 million in 6.500% Senior Notes due 2029, which will close on February 24, 2026, pending customary conditions. The company plans to use the proceeds, along with other available funds, to redeem part or all of its existing 6.650% Senior Notes due August 2, 2026, which have an outstanding principal amount of $800 million. Various financial institutions are acting as joint book-running managers for the offering. Investors are encouraged to review the prospectus supplement and other relevant documents available through the SEC for more details. This press release serves informational purposes and does not constitute an offer to sell either the new notes or the existing notes.
Potential Positives
- The company is securing $600 million in funding through a public offering of Senior Notes, enhancing its financial position.
- The proceeds from the offering will be used to redeem higher-interest debt, potentially reducing the company's overall interest expenses.
- The transaction demonstrates strong support from major financial institutions acting as joint book-running managers, indicating confidence in the company's financial stability and strategy.
Potential Negatives
- The company is issuing new senior notes at a higher interest rate (6.500%) than the existing notes being redeemed (6.650%), which may indicate increasing financing costs and could affect future profitability.
- The need to refinance or repay existing debt may suggest potential liquidity issues, raising concerns among investors about the company's financial health.
- The announcement's cautionary notes highlight the inherent risks and uncertainties associated with the forward-looking statements, which may lead to investor apprehension regarding the company’s forecasts and plans.
FAQ
What is the Concentrix Corporation's recent public offering?
Concentrix Corporation has announced a public offering of $600 million in Senior Notes due 2029.
How will the proceeds from the offering be used?
The proceeds will be used to redeem or repay the 2026 Notes and cover related fees and expenses.
When is the closing date for the offering?
The offering is expected to close on February 24, 2026, subject to customary conditions.
Who are the managers for this public offering?
BofA Securities, J.P. Morgan, and several other firms are acting as joint book-running managers for the offering.
Where can I obtain the prospectus for the offering?
The prospectus can be accessed for free on the SEC’s EDGAR website or by contacting BofA Securities or J.P. Morgan directly.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CNXC Insider Trading Activity
$CNXC insiders have traded $CNXC stock on the open market 8 times in the past 6 months. Of those trades, 5 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CNXC stock by insiders over the last 6 months:
- CHRISTOPHER A CALDWELL (President and CEO) has made 5 purchases buying 6,000 shares for an estimated $253,910 and 0 sales.
- CORMAC J TWOMEY (EVP, Global Ops & Delivery) has made 0 purchases and 3 sales selling 1,500 shares for an estimated $64,140.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CNXC Revenue
$CNXC had revenues of $2.6B in Q4 2025. This is an increase of 4.29% from the same period in the prior year.
You can track CNXC financials on Quiver Quantitative's CNXC stock page.
$CNXC Hedge Fund Activity
We have seen 149 institutional investors add shares of $CNXC stock to their portfolio, and 215 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,866,053 shares (+194.0%) to their portfolio in Q3 2025, for an estimated $86,118,345
- PZENA INVESTMENT MANAGEMENT LLC added 714,604 shares (+32.3%) to their portfolio in Q4 2025, for an estimated $29,713,234
- DEPRINCE RACE & ZOLLO INC removed 688,360 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $28,622,008
- DIMENSIONAL FUND ADVISORS LP added 551,778 shares (+28.4%) to their portfolio in Q4 2025, for an estimated $22,942,929
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 535,843 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $24,729,154
- JUPITER ASSET MANAGEMENT LTD added 466,200 shares (+inf%) to their portfolio in Q4 2025, for an estimated $19,384,596
- BANK OF NEW YORK MELLON CORP added 433,731 shares (+157.1%) to their portfolio in Q4 2025, for an estimated $18,034,534
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CNXC Analyst Ratings
Wall Street analysts have issued reports on $CNXC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barrington Research issued a "Outperform" rating on 11/20/2025
- Baird issued a "Outperform" rating on 09/29/2025
- Canaccord Genuity issued a "Buy" rating on 09/26/2025
To track analyst ratings and price targets for $CNXC, check out Quiver Quantitative's $CNXC forecast page.
$CNXC Price Targets
Multiple analysts have issued price targets for $CNXC recently. We have seen 4 analysts offer price targets for $CNXC in the last 6 months, with a median target of $71.0.
Here are some recent targets:
- Vincent Colicchio from Barrington Research set a target price of $62.0 on 01/12/2026
- David Koning from Baird set a target price of $62.0 on 09/29/2025
- Luke Morison from Canaccord Genuity set a target price of $80.0 on 09/26/2025
Full Release
NEWARK, Calif., Feb. 12, 2026 (GLOBE NEWSWIRE) -- 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: [email protected] 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 [email protected] and [email protected].
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
[email protected]
(617) 331-0955
