Genpact gets $737.5 million loan, repays it in full three days later

By Angela McDaniels

Tacoma, Wash., March 27 – Genpact Ltd. subsidiary Genpact Global Holdings (Bermuda) Ltd. borrowed $737.5 million from Morgan Stanley Senior Funding, Inc. on March 23 and repaid the loan in full on March 26, according to an 8-K filing with the Securities and Exchange Commission.

The loan was used in connection with some internal reorganization transactions.

The interest rate was 2%.

The loan was guaranteed by Genpact and some of its subsidiaries and secured by the proceeds of the loans held by Genpact and some of its subsidiaries.

Based in Hamilton, Bermuda, Genpact manages business processes.

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