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Genpact to launch $1.13 billion credit facility on Thursday afternoon
By Sara Rosenberg
New York, May 29 - Genpact International Inc. will hold a call at noon ET on Thursday to launch a $1,125,000,000 senior secured credit facility, according to a market source.
Morgan Stanley Senior Funding Inc., Citigroup Global Markets Inc., BofA Merrill Lynch, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the lead banks on the deal.
The facility consists of a $250 million revolver that will be used to reprice an existing revolver, a $671,625,000 term loan B that will be used to reprice an existing B loan and a $203,375,000 add-on term loan B, the source said.
Genpact is a Hamilton, Bermuda-based provider of business process management services.
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