---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-110500"
form_type: "8-K"
ticker: "EXLS"
cik: "0001297989"
company_name: "ExlService Holdings, Inc."
filed_at: "2021-08-27T23:59:59+00:00"
generated_at: "2026-06-29T07:14:10.787826+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-110500
- form_type: 8-K
- ticker: EXLS
- cik: 0001297989
- company_name: ExlService Holdings, Inc.
- filed_at: 2021-08-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297989/000110465921110500/0001104659-21-110500-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297989/000110465921110500/tm2126354d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-110500
- JSON: https://secwatch.observer/filing/0001104659-21-110500.json
- Plain text: https://secwatch.observer/filing/0001104659-21-110500.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.