debt
confidence high
sentiment neutral
materiality 0.45
ExlService amends credit agreement, adds $200M in new commitments
ExlService Holdings, Inc.
- Revolving credit commitments increased by $100M to $500M total; new $100M term loan facility added.
- Term loan carries 5% annual amortization; maturity remains April 18, 2027.
- Amendment dated August 9, 2024, with Citibank as administrative agent.
- Customary affirmative and negative covenants, including interest coverage and leverage ratios.