Carlyle Seeks $1.2 Billion Loan to Refinance Hexaware M&A Debt

Carlyle Group is seeking a $1.195 billion syndicated loan to refinance a bond from 2021 that backed the acquisition of Mumbai-based software firm Hexaware Technologies, according to people familiar with the matter.

• Original MLABs and underwriters: Barclays, Citi, Deutsche Bank, HSBC, JPM
  • Other MLABUs: ING, MUFG, SMBC
• Tenor: 5Y
• Margin: SOFR+333bps
• Currently in senior phase of syndication
• A representative for Carlyle declined to comment
• NOTE: Carlyle’s India Head on Hexaware Technologies IPO (Video)

To contact the reporters on this story:
Chien Mi Wong in Hong Kong at cwong1000@bloomberg.net;
Kari Lindberg in Hong Kong at klindberg13@bloomberg.net

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