CNDT Conduent Inc

$CNDT this is huge news Conduent closed a $447 million refinancing transaction with existing bank lenders. The $357 million revolving credit facility now matures in May 2029, extending maturities from October 2026 and May 2028. Existing lenders provided $90 million in additional commitments, including a $15 million letter of credit facility. The refinancing and divestitures are expected to reduce the surety bond and letter-of-credit portfolio by approximately $550 million upon the Tolling sale’s completion.

$CNDT: the proposed Conduent breach class is about 62 million people, not 10.5 million. Documented losses could pay up to $3,500 if approved, but no claim form exists yet. Open Class Actions.

$CNDT: California adds a twist in Conduent's proposed $80M breach deal. Subclass B members living in California on Oct 21, 2024 would get a 20% boost on their no-documentation cash share. Approval is still pending. Open Class Actions.

$CNDT: approval of Conduent's $80M breach deal is paused. On Oct 22 Judge Farbiarz asked for more proof the deal is fair, due Nov 5, citing thin evidence on liability and total damages. No claim form yet. Open Class Actions.

$CNDT completed its $140M Transit Sale of transport and fare collection assets, receiving cash proceeds.