---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-098380"
form_type: "8-K"
ticker: "EXLS"
cik: "0001297989"
company_name: "ExlService Holdings, Inc."
filed_at: "2026-08-18T20:37:57+00:00"
generated_at: "2026-08-18T20:39:11.776577+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-098380
- form_type: 8-K
- ticker: EXLS
- cik: 0001297989
- company_name: ExlService Holdings, Inc.
- filed_at: 2026-08-18T20:37:57+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297989/000110465926098380/0001104659-26-098380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297989/000110465926098380/tm2623504d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-098380
- JSON: https://secwatch.observer/filing/0001104659-26-098380.json
- Plain text: https://secwatch.observer/filing/0001104659-26-098380.txt

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