Cannae Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
$CNNE
Restaurants
Consumer Discretionary
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
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| Item 1.01. | Entry Into a Material Definitive Agreement. | |||||||
On August 27, 2025, Cannae Funding A, LLC, an indirect wholly-owned special purpose subsidiary of Cannae Holdings, Inc. (the "Company"), entered into an amendment (the "Amendment") to the Margin Loan Agreement originally dated as of November 30, 2020 (as amended from time to time, the "Margin Loan"), with the lenders from time to time party thereto and Bank of America, N.A. as the administrative agent and calculation agent thereunder.
The Amendment amends and restates the Margin Loan primarily to: (i) remove the Company’s prior holdings of Dun & Bradstreet Holdings, Inc. from the collateral pool, (ii) reduce the capacity of the Margin Loan from $150 million to $50 million, (iii) reduce the interest rate on borrowings from the three-month Adjusted Secured Overnight Financing Rate ("SOFR") plus 310 basis points to SOFR plus 275 basis points and (iv) extend the maturity date to August 27, 2028.
On August 26, 2025, the Company repaid the outstanding balance under the Margin Loan, and accordingly no amounts are outstanding under the Margin Loan as of the date of this Current Report on Form 8-K.
The foregoing description of the Amendment and the Margin Loan is not complete and is subject to, and qualified in its entirety by, reference to the full text of the Margin Loan Agreement, which is filed as Exhibit 10.1, and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits | |||||||
(d) Exhibits
| Exhibit | Description | |||||||||||||
| 10.1 | ||||||||||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||||||||
SIGNATURE
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.
Cannae Holdings, Inc. | |||||||||||||||||
| Date: | August 27, 2025 | By: | /s/ Bryan D. Coy | ||||||||||||||
| Name: | Bryan D. Coy | ||||||||||||||||
| Title: | Executive Vice President, Chief Financial Officer | ||||||||||||||||