CONVERGYS CORPORATION (NYSE:CVG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On January 3, 2018, Convergys Corporation, an Ohio corporation (the “Company”), entered into Amendment No. 11 (the “Amendment”) to the Company’s existing Receivables Purchase Agreement (the “Agreement”) with Convergys Funding Inc., a Kentucky corporation and a wholly-owned bankruptcy remote subsidiary of the Company, Wells Fargo Bank, N.A., individually as a Purchaser and as Administrative Agent (“Wells Fargo”), The Bank of Tokyo-Mitsubishi UFJ, Ltd., individually as a Purchaser and as Gotham Group Agent (“BTMU”), and Gotham Funding Corporation, as a Purchaser (together with BTMU, the “Gotham Group”), to extend the termination date for Gotham Group’s commitment under the Company’s accounts receivable securitization facility to January 2, 2019. The termination date for Wells Fargo’s commitment remains January 3, 2020.
About CONVERGYS CORPORATION (NYSE:CVG)
Convergys Corporation is engaged in providing customer management services. The Company’s primary focus is on growth with multinational corporations and other companies in communications and media, financial services, technology, healthcare, retail and other vertical markets. Its segments include North America and Rest of World. It provides a range of contact center services delivered through phone, e-mail and chat. It provides omni-channel contact center technology solutions, including multichannel interaction solutions, cross-channel integration framework, campaign management and others. It provides analytics and consulting solutions, including customer segmentation and profiling, digital channel optimization and others. It operates in approximately 150 locations in over 30 countries. It operates over 130 contact centers in approximately 30 countries. It integrates call center data servers and databases with over two primary data centers in Orlando, Florida, and Cincinnati, Ohio.