EXL closes new USD 1 billion senior secured credit facility with PNC Bank-led group
EXLS•New senior secured credit facility
EXL closed a new senior secured credit facility allowing borrowings up to USD 1 billion, replacing a prior USD 600 million limit.
- The five-year agreement runs to Aug. 18, 2031 and includes a USD 400 million term loan.
- Revolving credit capacity is set at up to USD 600 million.
- An accordion feature permits expansion to the greater of USD 470 million or 100% of trailing four-quarter EBITDA.
- PNC Bank serves as administrative agent; Bank of America, JPMorgan Chase and TD Bank are joint lead arrangers.
