Carlyle Group Inc is seeking about $1.2 billion in a syndicated loan to refinance debt used to acquire Mumbai-based software firm Hexaware Technologies Ltd., according to people familiar with the matter.
Eight banks including Citigroup Inc, Deutsche Bank AG and HSBC Holdings Plc are underwriting the five-year loan, the people said, who asked not to be identified discussing a private matter. The borrowing, which would refinance a bond sold in 2021, pays an interest margin of 333 basis points over the benchmark Secured Overnight Financing Rate, the people said, adding that it is being marketed to the broader ...
