EXL closes new $1B senior secured credit facility, replacing $600M facility

ExlService Holdings, Inc.

New facility: $600M revolver + $400M term loan, maturing Aug 18, 2031; PNC Bank admin agent.
Repaid ~$532.7M outstanding under prior Citibank facility; no early termination penalties.
Accordion allows expansion up to greater of $470M or 100% EBITDA; covenants: interest coverage ≥3.0x, leverage ≤3.5x.
Proceeds to fund working capital, acquisitions, and share buybacks under $500M repurchase authorization.
Old facility had $500M revolver + $100M term loan; new facility increases borrowing capacity by $400M.

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