Carlyle Secures a $1.255b Loan to Refinance India Hexaware Deal

Carlyle Group Inc.’s $1.255b loan, which refinances debt used to acquire Indian software firm Hexaware Technologies Ltd., has closed with over 30 banks joining, according to people familiar with the matter.

• Loan is split into a $1.18b term loan and $75m revolver
• Tenor: 5Y
• Allocations are:
• UOP: The borrowing refinances a $1b bond Carlyle’s special purpose investment holding firm CA Magnum Holdings sold in 2021 to purchase a 95% stake in Hexaware
• NOTE: Carlyle’s $1.2B Loan for India Hexaware M&A Refinancing Launches

To contact the reporter on this story:
Chien Mi Wong in Hong Kong at cwong1000@bloomberg.net

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