# EDGAR Filing Document

**Accession Number:** 0001704720
**File Stem:** 0001704720-26-000052
**Filing Date:** 2026-3
**Character Count:** 19314
**Document Hash:** 329cf0595855a1d5535d2361e50fcfa4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001704720-26-000052.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0001704720-26-000052

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260306

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cannae Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001704720
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING & DRINKING PLACES [5810]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 821273460
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38300
- **FILM NUMBER:** 26736007

**BUSINESS ADDRESS:**
- **STREET 1:** C/O CANNAE HOLDINGS, INC.
- **STREET 2:** 1701 VILLAGE CENTER CIRCLE
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89134
- **BUSINESS PHONE:** 702-323-7334

**MAIL ADDRESS:**
- **STREET 1:** C/O CANNAE HOLDINGS, INC.
- **STREET 2:** 1701 VILLAGE CENTER CIRCLE
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89134

?xml version='1.0' encoding='ASCII'? cnne-20260306

**United States**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (date of earliest event reported):

**March 6, 2026** 

**CANNAE HOLDINGS, INC.** 

(Exact name of Registrant as Specified in its Charter)

**1-38300** 

(Commission File Number)

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| | |
|:---|:---|
| **Nevada** | **82-1273460** |
| (State or Other Jurisdiction of <br>Incorporation or Organization) | (IRS Employer Identification Number) |

---

**1701 Village Center Circle** 

**Las Vegas, Nevada 89134** 

(Addresses of Principal Executive Offices)

**(702) 323-7330** 

(Registrant's Telephone Number, Including Area Code)

**N/A**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of Each Class</u> | <u>Trading Symbol</u> | <u>Name of Each Exchange on Which Registered</u> |
| **Cannae Common Stock, $0.0001 par value** | **CNNE** | **New York Stock Exchange** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.02.** | **Termination of a Material Definitive Agreement.** |

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In light of limited borrowing capacity under the facility related to current trading levels of Alight, Inc. stock, and to eliminate approximately $0.4 million of annual commitment fees, on March 6, 2026, Cannae Funding A, LLC ("Cannae Funding A"), an indirect wholly owned special purpose subsidiary of Cannae Holdings, Inc. (the "Company"), prepaid in full all outstanding obligations under the Margin Loan Agreement, dated as of November 30, 2020 (as amended, the "Margin Loan Agreement"), among Cannae Funding A, as borrower, Bank of America, N.A., as administrative agent and calculation agent, and the lenders party thereto. In connection with the prepayment, Cannae Funding A and Bank of America, N.A. executed a pay-off letter (the "Pay-Off Letter") confirming the termination of the Margin Loan Agreement and all related loan documentation.

The Margin Loan Agreement was originally entered into on November 30, 2020 and was subsequently amended on August 16, 2021, December 10, 2021, January 19, 2022, May 12, 2022, June 16, 2023, August 17, 2023, March 4, 2024 and August 27, 2025. The Margin Loan Agreement, as amended, provided for revolving borrowings of up to $50.0 million, was secured by 40,477,062 shares of Alight, Inc. common stock held in a collateral account, and had scheduled maturity of August 27, 2028.

There were no outstanding principal or interest advances under the Margin Loan Agreement as of the pay-off date, and the termination does not materially impact liquidity. The aggregate pay-off amount of $58,681 required to satisfy all outstanding obligations under the Margin Loan Agreement as of March 6, 2026, consisted solely of accrued and unpaid commitment fees.

Pursuant to the Pay-Off Letter, (i) all obligations of the parties under the Margin Loan Agreement and related documentation have been discharged, terminated, cancelled and extinguished (other than those provisions that expressly survive termination), (ii) all liens granted pursuant to the Margin Loan Agreement have been automatically, irrevocably and immediately terminated (subject to the continued effectiveness of the related control agreement until the release and re-registration of pledged shares), and (iii) Bank of America, N.A. will deliver to Cannae Funding A any remaining collateral held in the collateral account, including any shares of Alight, Inc. common stock pledged thereunder, to be re-registered in the name of Cannae Funding A or its affiliate.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Exhibits**

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| | |
|:---|:---|
| **Exhibit** | **Description** |
| 10.1 | <u>[Margin Loan Pay-Off Letter, dated as of March 6, 2026, by and among Cannae Funding A, LLC, the lenders from time to time thereto and Bank of America as administrative and calculation agent.](cnnemarginloanpay-offlette.htm)</u> |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |

---

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**SIGNATURE**

&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | | | |
|:---|:---|:---|:---|:---|
| | | **Cannae Holdings, Inc.** | **Cannae Holdings, Inc.** | **Cannae Holdings, Inc.** |
| Date: | March 9, 2026 | By: | */s/ Bryan D. Coy* | */s/ Bryan D. Coy* |
|  |  |  | Name: | Bryan D. Coy |
|  |  |  | Title: | Executive Vice President, Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

<u>From:</u>&nbsp;&nbsp;&nbsp;&nbsp;

Bank of America N.A.

One Bryant Park

5th Floor

New York, NY 10036

<u>To:</u> <br>Cannae Funding A, LLC

1701 Village Center Circle

Las Vegas, NV 89134

Attn: General Counsel

Telephone No.: (702) XXX-XXXX

Email: xxxxxxxxx@fnf.com

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153

Attention: XXXX XXXXXXX

**<u>Pay-Off Letter</u>**

March 6, 2026

Ladies and Gentlemen:

Reference is made to the Margin Loan Agreement dated as of November 30, 2020 among Cannae Funding A, LLC, a limited liability company organized under the laws of Delaware, as Borrower, Bank of America N.A., as Administrative Agent, Bank of America N.A., as Calculation Agent, and the lenders from time to time a party hereto (each, a "***Lender***", and collectively, the "***Lenders***") (amended as of August 16, 2021, December 10, 2021, January 19, 2022, May 12, 2022, June 16, 2023, August 17, 2023, March 4, 2024 and August 27, 2025 and as may be further amended, restated, extended, supplemented or otherwise modified from time to time, the "***Margin Loan Agreement***"). Capitalized terms used herein that are not otherwise defined herein have the meanings given in the Margin Loan Agreement.

We hereby deem that you have delivered to us a notice of prepayment of all outstanding Advances effective on March 6, 2026 (the "***Pay-Off Date***"). To the extent the Margin Loan Agreement or any other Margin Loan Documentation requires any prior notice as a condition to (i) the payment of the Obligations (or any part thereof), (ii) the application of the Pay-Off Amount (as defined below) to the Obligations, (iii) the termination of the Margin Loan Agreement or any other Margin Loan Documentation or (iv) any of the other transactions contemplated hereby, such requirement is hereby waived.

Subject to your acceptance of this letter by execution of a counterpart of this letter in the space provided below, you and we (acting in our capacity as Administrative Agent, Lender and/or Calculation Agent, as applicable) hereby confirm and agree as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;You hereby confirm and agree that on the Pay-Off Date, all obligations of the Lender in respect of any extensions of credit under the Margin Loan Agreement were forever discharged following your prepayment in full of all outstanding Advances together with (i) all interest accrued thereon to the Pay-Off Date and (ii) the other Obligations listed on Annex I hereto ("***Other Specified Obligations***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Based on the records maintained by us as provided in Section 2.13 of the Margin Loan Agreement and other information provided to us, the aggregate amount required on the Pay-Off Date to pay all outstanding Advances with all unpaid interest accrued thereon to the Pay-Off Date and to pay the Other Specified Obligations was $58.680.56 (the "***Pay-Off Amount***"), consisting of the items set forth on Schedule 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;On the Pay-Off Date, we received payment of the Pay-Off Amount by wire transfer (together with notification to us of the applicable federal funds wire reference number) of freely and immediately available funds to the wire instruction specified in <u>Annex II</u>. Accordingly, the parties hereto confirm and agree that (i) all of the respective rights and obligations of the parties under the Margin Loan Documentation have been discharged, terminated, cancelled and extinguished (other than those that expressly survive termination and other than as set forth in clause (ii) below) without any payment or delivery due by any of the parties thereto, (ii) all of the Liens granted pursuant to the Margin Loan Documentation have been automatically, irrevocably and immediately terminated, provided that the Control Agreement shall remain in effect until the Shares have been registered on the books and records of the transfer agent in accordance with clause (iii)(y) below (and you acknowledge and agree that you shall not provide any instructions to the Intermediary with respect to such Shares prior to the completion of such registration), and (iii) pursuant to 7.02(d) of the Margin Loan Agreement we will deliver (if we have not already done so as of the date hereof) to you (x) any and all Collateral consisting of Cash in the Collateral Account to the wire instruction specified in Annex III and (y) pursuant to Section 2(b) of the Issuer Agreement, any Shares held in the Collateral Account to the Issuer's transfer agent to facilitate the registration of such Shares in your (or your affiliate's) name on the books and records of the transfer agent subject to applicable restrictive legends, and (z) any other pledged Collateral in the Collateral Account per your instructions from time to time on or following the date hereof, and you hereby irrevocably authorize, direct and instruct us to make such delivery and agree that acknowledgement by the respective recipients of receipt of such delivery will discharge all of our obligations in respect of the redelivery of such pledged Collateral to you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;The release of Liens and delivery of pledged Collateral provided for herein will not discharge or in any manner affect or impair the enforceability of any outstanding Obligations that survive the termination of the Margin Loan Agreement, including those arising under Sections 2.09, 2.10, 2.12 and Article 9 thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;You confirm and agree that the indemnification, hold harmless, expense reimbursement and exculpation provisions of the Margin Loan Documentation, including without limitation those set forth in Section 9.04 of the Margin Loan Agreement will continue to apply and be enforceable by us, including without limitation, in respect of our execution and delivery of this letter and the other instruments and agreements provided for herein, all actions taken or omitted by us and all claims based upon or arising in connection with any of the foregoing. We reserve the right to enforce, in respect of such execution, delivery, actions or claims, each and all of the rights, benefits, immunities, exculpatory provisions, expense reimbursement, and indemnities enforceable by us as Administrative Agent under the Margin Loan Documentation, including without limitation, under Sections 9.04 of the Margin Loan Agreement. Notwithstanding anything herein to the contrary, if at any time all or any part of the Pay-Off Amount, or any other amount paid in respect of the Obligations prior to the date hereof, is or must be

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rescinded, disgorged or otherwise returned by the Administrative Agent or any Lender for any reason whatsoever (including the insolvency, bankruptcy, reorganization or similar proceeding involving the Borrower), the Obligations, to the extent that such payment is or must be rescinded, disgorged or otherwise returned, shall be deemed to have continued in existence, notwithstanding any application by the Administrative Agent or any Lender, and the Margin Loan Agreement and the other Margin Loan Documentation shall continue to be effective or be reinstated, as the case may be, as to such Obligations, all as though such application by the Administrative Agent or any Lender had not been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;**THIS LETTER AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS LETTER (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW.** 

This letter may be executed by one or more of the parties to this letter on any number of separate counterparts (including by facsimile or other electronic imaging means), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this letter by facsimile or other electronic transmission (e.g. "pdf" or "tif" format) shall be effective as delivery of a manually executed counterpart hereof.

The provisions of Section 9.06 of the Margin Loan Agreement will apply with like effect to this letter and any dispute arising hereunder.

*[Remainder of page intentionally left blank]*

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Very truly yours,

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A.,**<br>as Lender | **BANK OF AMERICA, N.A.,**<br>as Lender |
| By: | /s/ Richard Jessop |
|  | Name: Richard Jessop |
|  | Title: Managing Director |

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A.,**<br>as Administrative Agent | **BANK OF AMERICA, N.A.,**<br>as Administrative Agent |
| By: | /s/ Richard Jessop |
|  | Name: Richard Jessop |
|  | Title: Managing Director |

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A.,**<br>as Calculation Agent | **BANK OF AMERICA, N.A.,**<br>as Calculation Agent |
| By: | /s/ Richard Jessop |
|  | Name: Richard Jessop |
|  | Title: Managing Director |

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[Signature Page to Payoff Letter]

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Accepted and Agreed to as of the date <br>first written above:

&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | |
|:---|:---|:---|:---|
| **CANNAE FUNDING A, LLC,** | **CANNAE FUNDING A, LLC,** | **CANNAE FUNDING A, LLC,** | **CANNAE FUNDING A, LLC,** |
| as Borrower | as Borrower | as Borrower | as Borrower |
| By: | /s/ Michael L. Gravelle | /s/ Michael L. Gravelle | /s/ Michael L. Gravelle |
| Name: | Name: | Name: | Michael L. Gravelle |
| Title: | Title: | EVP, General Counsel and Corporate Secretary | EVP, General Counsel and Corporate Secretary |

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[Signature Page to Payoff Letter]

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<u>ANNEX I</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Pay-Off Amount

**Advances**

principal &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.00

interest to the Pay-Off Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.00

**Other Specified Obligations**

Commitment fees&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $58,680.56

**Pay-Off Amount: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;** $58,680.56

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<u>ANNEX II</u>

<u>BofA Wire Instructions</u>

To&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BANK OF AMERICA, N.A. <br>ABA &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XXX-XXX-XXX<br>Attn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equities Loan Operations<br>SWIFT BIC&nbsp;&nbsp;&nbsp;&nbsp;BOFAUS3N<br>Account No &nbsp;&nbsp;&nbsp;&nbsp;XXXXXXXXXXXXX<br>Account Name&nbsp;&nbsp;&nbsp;&nbsp;Credit Services

[Signature Page to Payoff Letter]

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<u>ANNEX III</u>

<u>Cannae Funding A, LLC Wire Instructions</u>

Bank Name/Address: City National Bank

555 South Flower Street

Los Angeles, CA 90071

Bank ACH/Routing Number: XXXXXXXXX

Credit to Account Name: Cannae Holdings LLC

Checking Account Number: XXXXXXXXX

For Internal Wire: CNB SWIFT/IBAN: CINAUS6L

<br>