Mphasis Ltd

🔍 Mphasis Ltd Announces Refinancing Deal with New Lenders – Key Details Inside

- Refinancing arrangement involves release of existing encumbrances and creation of new ones for BCP Topco IX Pte. Ltd.

- BCP Topco IX Pte. Ltd. holds 30.55% of Mphasis Limited's shares (5,82,99,642 shares), now under new encumbrance.

- $550M facility secured from lenders including Citibank, Barclays, and MUFG Bank.

- Funds will refinance existing debts, pay dividends, and cover related expenses.

- Security cover ratio stands at 2.302%.