United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
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Item 1.02 | Termination of a Material Definitive Agreement. | |
On February 18, 2020, Cannae Funding, LLC (the "Borrower"), an indirect wholly-owned special purpose subsidiary of Cannae Holdings, Inc., repaid in full all amounts due under the Amended and Restated Margin Loan Agreement, originally dated as of November 7, 2018 and amended and restated as of December 18, 2019, with the lenders from time to time party thereto, Credit Suisse AG, Cayman Islands Branch, as the administrative agent, and Credit Suisse Securities (USA) LLC and Deutsche Bank AG, London Branch, as the case may be, as calculation agent (the “Margin Loan Agreement”). Upon such repayment and the entry of the Borrower into a payoff letter, dated February 21, 2020, with the other parties to the Margin Loan Agreement, the Margin Loan Agreement was terminated and the 19,800,000 shares of common stock of Ceridian HCM Holding, Inc. held by the Borrower which previously secured the borrowings under the Margin Loan Agreement were released from the first priority lien.
Item 9.01. | Financial Statements and Exhibits | |
(d) Exhibits
Exhibit | Description | ||||
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: | February 21, 2020 | By: | /s/ Michael L. Gravelle | ||
Name: | Michael L. Gravelle | ||||
Title: | Executive Vice President, General Counsel, and Corporate Secretary | ||||