Genpact to pay down revolver debt with some proceeds of new notes

By Wendy Van Sickle

Columbus, Ohio, March 21 – Genpact Ltd. plans to repay outstanding loans under its revolving credit facility with some proceeds of an offering of $350 million of 3.7% senior unsecured notes due 2022, according to a press release.

Subsidiary Genpact Luxembourg Sarl priced the offering on Tuesday. It is expected to close on March 27.

The company also plans to use some proceeds for general corporate purposes, which may include acquisitions and share repurchases.

Based in Hamilton, Bermuda, Genpact manages business processes.

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