EXL settles $150M convertible notes with $200M cash and 310k shares; terminates Orogen agreement

ExlService Holdings, Inc.

EXL settled $150M 3.50% convertible notes due 2024 with Orogen via $200M cash plus 310k shares.
Cash payment of $200M plus accrued interest; stock issuance based on 20-day VWAP.
Investment Agreement terminated; Orogen loses board nomination right; Vikram Pandit remains on board.
Cash portion funded from existing revolving credit facility.
Orogen agreed to 90-day lock-up on transferred shares.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.