Cannae Holdings, Inc. Announces Termination of Material Definitive Agreement

Key Points for Investors

• Filing Date: March 9, 2026
• Date of Report: March 6, 2026
• Event: Termination of a Material Definitive Agreement – specifically, the Margin Loan Agreement involving Cannae Funding A, LLC, Bank of America, N.A., and other lenders.
• Pay-Off Letter: Margin Loan Pay-Off Letter executed as of March 6, 2026, confirms full repayment and termination of the margin loan.
• Pay-Off Amount: The only outstanding obligation at the time of termination was commitment fees totaling \$58,680.56. No principal or interest remained due.
• Collateral Release: Bank of America will deliver any remaining collateral, including shares of Alight, Inc. common stock, back to Cannae Funding A, to be re-registered in its name or its affiliate.

Details of the Terminated Margin Loan Agreement

Cannae Holdings, Inc. (NYSE: CNNE) filed a Form 8-K disclosing the termination of a material definitive agreement, namely its Margin Loan Agreement. This agreement was between Cannae Funding A, LLC (a subsidiary), Bank of America, N.A. (as administrative and calculation agent), and various lenders. The original Margin Loan Agreement had been amended multiple times since its inception, most recently on August 27, 2025.

The termination was formalized through a Margin Loan Pay-Off Letter dated March 6, 2026. According to the letter, all obligations under the Margin Loan Agreement have been satisfied except for the payment of commitment fees. The principal and interest were already paid, leaving only \$58,680.56 due for commitment fees. Importantly, no additional amounts are due and the agreement is now terminated.

As a result of this termination, Bank of America will release all remaining collateral held in the collateral account, including shares of Alight, Inc. common stock. These shares will be re-registered in the name of Cannae Funding A or its affiliate.

Potential Impact on Shareholders and Share Price

• Balance Sheet Effect: The termination of the Margin Loan Agreement and the release of pledged collateral (Alight, Inc. shares) may positively affect Cannae Holdings’ balance sheet and liquidity position, removing potential leverage and risk from margin borrowing.
• Reduction in Financial Obligations: With only a small commitment fee remaining to be paid (\$58,680.56), Cannae Holdings significantly reduces its financial obligations and potential interest expenses.
• Return of Collateral: The return of Alight, Inc. shares to Cannae Holdings could increase its flexibility to manage or monetize these assets, and may be viewed positively by investors concerned about collateralization risks.
• Potential Price Sensitivity: The release of collateral and pay-off of a margin loan is typically a positive event, signaling improved financial health and reduced risk. This news may be price sensitive and could affect CNNE share values, especially if investors interpret the termination as a sign of stronger liquidity or a shift in capital allocation strategy.

Other Notable Corporate Information

• Exchange: NYSE
• Trading Symbol: CNNE
• Registrant Address: 1701 Village Center Circle, Las Vegas, NV 89134
• Fiscal Year End: December 31
• Entity is NOT an Emerging Growth Company: Cannae Holdings has indicated it does not meet the criteria for an emerging growth company.
• No Soliciting Material, Written Communications, or Tender Offer: The filing confirms that it is not soliciting material or written communications under Securities Act Rule 425 or Exchange Act Rules 14a-12, 14d-2(b), or 13e-4(c).

Conclusion

The termination of the Margin Loan Agreement and the release of pledged collateral is a significant event for Cannae Holdings, Inc. Shareholders should note the improved financial position, reduction in leverage and risk, and the return of valuable assets to the company. This development may be price sensitive and could positively impact CNNE stock valuation, depending on investor perception of the company’s strengthened liquidity and asset base.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information presented is based on publicly available SEC filings and may not reflect real-time developments or additional material facts.

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