EXL lands $1B credit facility to fund M&A and buybacks

What's the deal? EXLDealroom has a profile for this one. Try Dealroom → (NASDAQ: EXLS), a data and AI company, has closed a new senior secured credit facility with borrowing capacity of up to $1 billion. PNC BankDealroom has a profile for this one. Try Dealroom → acted as administrative agent, with Bank of AmericaDealroom has a profile for this one. Try Dealroom →, JPMorgan Chase BankDealroom has a profile for this one. Try Dealroom → and TD BankDealroom has a profile for this one. Try Dealroom → as joint lead arrangers.

The details. The five-year agreement includes a $400 million term loan and permits revolver borrowings of up to $600 million, with an accordion feature that could expand the facility further. The term expires on August 18, 2031.

What it means. EXL said the expanded debt capacity will support targeted mergers and acquisitions while it continues returning capital under its $500 million share repurchase authorisation.

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