Concentrix Corporation filed a Form 8-K to report updates regarding its accounts receivable securitization facility.

Under Item 1.01, the company disclosed that on January 14, 2025, it entered into an amendment to its accounts receivable securitization facility. Key changes include an increase in the commitment of lenders to provide borrowings from up to $600 million to up to $700 million and an extension of the facility’s termination date from April 24, 2026, to January 14, 2027. This agreement involves Concentrix Receivables, Inc., a subsidiary of the company, as borrower, PNC Bank as administrative agent, and other group agents and lenders.

Under Item 2.03, the company referenced the financial obligation created under the amendment to the securitization facility, as detailed in Item 1.01.

The filing includes the Fourth Amendment to the Receivables Financing Agreement as Exhibit 10.1, which provides further specifics of the agreement.