Conduent Completes $447 Million Refinancing, Advancing Deleveraging and De-Risking
Business Wire•23/10/2026•08:45 ET
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Key Highlights
- ➤$447 million refinancing extends revolving credit maturities through May 2029
- ➤$90 million additional commitments include a $15 million letter-of-credit facility
- ➤Divestitures and refinancing expected to reduce surety and letter-of-credit portfolio by approximately $550 million
- ➤Conduent uses divestiture proceeds to repay debt and advance ASCEND 2026–28
Expert Statements
Harsha V. Agadi, President and Chief Executive Officer of Conduent
“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 our 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”
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
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