Company: CNDT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001677703-25-000152
Chunk: 48

Company: CONDUENT Inc
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 Current Period Charges(1)9 10 2 21 Charges against reserve and currency(15)(11)(2)(28)Accrued Balance at September 30, 2024$3 $— $— $3 __________(1)Represents amounts recognized within the Condensed Consolidated Statements of Income (Loss) for the years shown.(2)During the nine months ended September 30, 2024, the Company incurred $1 million of costs for bringing certain technology functions in-house. There were no such costs incurred in the nine months ended September 30, 2025. These costs are included in the above table in Termination and other costs.No restructuring and related costs are allocated to the segments.

CNDT Q3 2025 Form 10-Q15

 Note 7 – Debt

Long-term debt was as follows:(in millions)September 30, 2025December 31, 2024Revolving credit facility$134 $— Term loan A due 2026— 88 Senior notes due 2029520 520 Finance lease obligations48 26 Other15 12 Principal debt balance717 646 Debt issuance costs and unamortized discounts(4)(7)Less: current maturities(16)(24)Total Long-term Debt$697 $615 2021 Credit AgreementOn October 15, 2021, the Company, Conduent Business Services, LLC (the “Lead Borrower” or “CBS”), Conduent State & Local Solutions, Inc. (“CSLS”), Affiliated Computer Services International B.V. (the “Dutch Borrower” and, together with the Lead Borrower and CSLS, the “Borrowers”) entered into a Credit Agreement with the other guarantors party thereto, Bank of America, N.A., as Administrative Agent and Collateral Agent (in such capacities, the "Administrative Agent”), and as a Swing Line Lender and an L/C Issuer and the lenders party thereto (as amended by Amendment No. 1 to Credit Agreement, dated as of May 9, 2023, and as amended by Amendment No. 2 to Credit Agreement, dated as of September 6, 2023, the “2021 Credit Agreement”).2025 Credit AgreementOn August 26, 2025, the Company (as the parent guarantor), the Borrowers, the other guarantors