ExlService Holdings entered into a new $1 billion senior secured credit facility on August 18, 2026, consisting of a $400 million term loan and a $600 million revolving credit facility. The agreement includes an accordion feature allowing increases up to the greater of $470 million or 100% of trailing four-quarter EBITDA. Proceeds were used to repay approximately $532.7 million in outstanding obligations under the previous Citibank Credit Agreement, with no early termination penalties incurred. The new facility matures on August 18, 2031, and imposes financial covenants including a maximum Total Net Leverage Ratio of 3.50 to 1.00. ExlService Holdings operates in the global data and AI services industry.
