secwatch.observer — SEC 8-K summary
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Issuer:     ExlService Holdings, Inc. (EXLS)
CIK:        0001297989
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001104659-21-110500
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.02, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297989/000110465921110500/0001104659-21-110500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297989/000110465921110500/tm2126354d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-110500

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer