CNNE 8-K

Cannae Holdings, Inc. (CNNE)

8-K 2023-08-21 For: 2023-08-17

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Added on April 11, 2026

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Delaware						82-1273460
(State or Other Jurisdiction of Incorporation or Organization)						(IRS Employer Identification Number)


☐						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))


Article 1 Definitions And Accounting Terms			1
Section 1.01 Certain Defined Terms			1
Section 1.02 Times Of Day			35
Section 1.03 Terms Generally			35
Section 1.04 Accounting Terms; GAAP			35
Section 1.05 Benchmark Notification.			36
Article 2 Amounts And Terms Of The Advances			36
Section 2.01 The Advances			36
Section 2.02 Requests For Advances.			37
Section 2.03 Termination Of Agreement and Facility			37
Section 2.04 Repayment Of Advances			37
Section 2.05 Interest			37
Section 2.06 Fees			38
Section 2.07 Interest Rate Determinations			39
Section 2.08 Prepayments Of Advances; Collateral Call Trigger Events; Withdrawal Of Collateral			39
Section 2.09 Increased Costs			44
Section 2.10 Taxes			45
Section 2.11 Illegality			49
Section 2.12 Break-Funding			49
Section 2.13 Evidence Of Debt			50
Section 2.14 Payments And Computations			50
Section 2.15 Accelerating Lenders			51
Section 2.16 Periodic Rebalancing			51
Section 2.17 Increase in Commitments			52
Section 2.18 Benchmark Replacement Setting.			54
Section 2.19 Erroneous Payments.			55
Article 3 Representations And Warranties			58
Section 3.01 Organization; Powers			58
Section 3.02 Authorization; Enforceability			58
Section 3.03 Governmental Approvals; No Conflicts			58
Section 3.04 Financial Condition; No Material Adverse Change			58
Section 3.05 Share Transactions			59
Section 3.06 Litigation Matters			59
Section 3.07 Compliance With Laws And Agreements			59
Section 3.08 No Default			59


Section 3.09 Investment Company Status			59
Section 3.10 Taxes			59
Section 3.11 Disclosure			60
Section 3.12 Material Agreements			60
Section 3.13 Solvency			60
Section 3.14 Trading And Other Restrictions			60
Section 3.15 No Subsidiaries			62
Section 3.16 Anti-Corruption Laws and Sanctions			62
Section 3.17 Material Nonpublic Information			62
Section 3.18 Conduct of Business			62
Section 3.19 Employee Matters			62
Section 3.20 No Plan Assets			62
Section 3.21 Organization Documents			62
Section 3.22 Beneficial Ownership			63
Article 4 Conditions Of Lending			63
Section 4.01 Conditions Precedent to the Closing Date			63
Section 4.02 Conditions Precedent To Each Advance			64
Section 4.03 Conditions Precedent To the Effectiveness of an Incremental Facility Amendment			65
Article 5 Affirmative Covenants			66
Section 5.01 Financial Statements			66
Section 5.02 Notices Of Material Events			67
Section 5.03 Existence; Conduct Of Business			68
Section 5.04 Payment Of Obligations			68
Section 5.05 Compliance With Laws			69
Section 5.06 Provision Of Public Information			69
Section 5.07 Disclosure			69
Section 5.08 Payment of PIK			69
Section 5.09 Further Assurances			69
Section 5.10 Books And Records			69
Section 5.11 Compliance with Organization Documents; Independent Director			70
Section 5.12 ERISA Plan Assets			70
Section 5.13 Independent Director Fees			70
Section 5.14 Notice; Approval; Filing			70
Article 6 Negative Covenants			70
Section 6.01 Indebtedness			70
Section 6.02 Liens			70
Section 6.03 Conduct of Business; Fundamental Changes			70
Section 6.04 Asset Sales			71


Section 6.05 Investments And Acquisitions			71
Section 6.06 Restricted Payments			71
Section 6.07 Investment Company			71
Section 6.08 No Amendment Of Organization Documents, Etc.			71
Section 6.09 Transactions With Affiliates			71
Section 6.10 Formation Of Subsidiaries			72
Section 6.11 Share Transactions			72
Section 6.12 No Impairment of Collateral Shares			72
Section 6.13 Tax Status			72
Section 6.14 Agreements			72
Section 6.15 Anti-Corruption Laws and Sanctions			73
Section 6.16 Employee Matters			73
Article 7 Events Of Default			73
Section 7.01 Events Of Default			73
Section 7.02 Lenders’ Rights With Respect to Collateral			76
Article 8 Agents			77
Section 8.01 Authorization and Authority			77
Section 8.02 Agent Individually			77
Section 8.03 Duties of Agents; Exculpatory Provisions			78
Section 8.04 Authority			79
Section 8.05 Reliance by Agent			79
Section 8.06 Delegation of Duties			80
Section 8.07 Resignation of Agent			80
Section 8.08 Non-Reliance on Agents and Other Lenders			81
Section 8.09 Removal of Administrative Agent			82
Article 9 Miscellaneous			82
Section 9.01 Amendments, Adjustments, Etc.			82
Section 9.02 Notices; Effectiveness; Electronic Communications			84
Section 9.03 No Waiver; Remedies			87
Section 9.04 Costs And Expenses; Indemnification; Damage Waiver			87
Section 9.05 Payments Set Aside			89
Section 9.06 Governing Law; Submission To Jurisdiction			89
Section 9.07 Successors and Assigns			90
Section 9.08 Severability			93
Section 9.09 Counterparts; Integration; Effectiveness; Electronic Execution			93
Section 9.10 Survival Of Representations			93
Section 9.11 Confidentiality			93
Section 9.12 No Advisory Or Fiduciary Relationship			94
Section 9.13 Right Of Setoff			95


Section 9.14 Judgment Currency			95
Section 9.15 USA PATRIOT Act Notice			95
Section 9.16 Interest Rate Limitation			95
Section 9.17 Disclosure			96
Section 9.18 Calculation Agent Determinations			96
Section 9.19 Joint and Several Liability			96
Section 9.20 Conflicts			96
Section 9.21 U.S. QFC Contractual Stay Requirements			97


CANNAE FUNDING C, LLC, as Borrower 1
By:			/s/ Michael L. Gravelle
			Name: Michael L. Gravelle
			Title: Manager


CANNAE FUNDING D, LLC, as Borrower 2
By:			/s/ Michael L. Gravelle
			Name: Michael L. Gravelle
			Title: Manager
CANNAE FUNDING A, LLC, as Borrower 3
By:			/s/ Michael L. Gravelle
			Name: Michael L. Gravelle
			Title: Manager


ROYAL BANK OF CANADA, as Lender
By:			/s/ Glenn Van Allen
			Name: Glenn Van Allen
			Title: Authorized Signatory


ROYAL BANK OF CANADA, as Administrative Agent
By:			/s/ Annie Lee
			Name: Annie Lee
			Title: Manager, Agency Services


ROYAL BANK OF CANADA, as Calculation Agent
By:			/s/ Brian Ward
			Name: Brian Ward
			Title: Authorized Signatory


By:			/s/
			Name:
			Title:
ACKNOWLEDGED AND AGREED: [_____]
By:			/s/
			Name:
			Title:


Item 1.01.						Entry Into a Material Definitive Agreement.


Item 9.01.						Financial Statements and Exhibits