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| Prospect News home > News index > List of issuers G > Headlines for Genpact USA, Inc. > News item |
S&P rates Genpact facilities BBB-
S&P said it assigned its BBB- long-term issue rating to the U.S. dollar term loans and revolving credit facilities guaranteed by Genpact Ltd.
Genpact USA Inc., Genpact Global Holdings (Bermuda) Ltd., and Genpact Luxembourg Sarl, wholly owned subsidiaries of Genpact Ltd., are the issuers.
The new credit facilities due in five years will replace Genpact's term loans and revolving facilities due in August. The total facilities size remains the same at $1.18 billion, with $530 million in term loans and $650 million in revolving facilities.
Genpact used $700 million to repay outstanding debt and will use the remainder to provide financial flexibility.
The outlook is stable.
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