EXL closes new $1 billion senior secured credit facility
EXL closed a new $1 billion senior secured credit facility with PNC Bank as administrative agent and a syndicate including Bank of America, JPMorgan, and TD Bank. The facility increases total borrowing capacity from $600 million, consisting of a $400 million term loan and a $600 million revolver with an accordion feature to support future growth through August 2031.
Key figures
- Deal Value Usd
- 1000000000
- Revolver
- 600000000
- Term loan
- 400000000
- Expiration
- 2031-08-18
- Previous limit
- 600000000
- Accordion expansion
- $470 million or 100% of EBITDA
- Existing buyback auth
- 500000000
AI analysis
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