EXLS · 10-Q · 2026Q1 · Full report

Outstanding Indebtedness

ExlService Holdings, Inc. · 2026-04-28 · Importance 84 · Surprise 74

Total borrowings increased to $417.4 million as of March 31, 2026 from $298.7 million as of December 31, 2025, an increase of $118.7 million. Long-term borrowings included $325.0 million under the revolving credit facility (up from $205.0 million) and $87.5 million under the term loan facility (roughly flat). The company reported a $5.0 million current portion of long-term borrowings and minor unamortized debt issuance costs; total long-term borrowings were $412.5 million at March 31, 2026. Management stated it was in compliance with the financial covenants under its credit agreement as of March 31, 2026.

Key facts

• As of March 31, 2026, long-term borrowings: $412.5 million comprising $325.0 million under the revolving credit facility and $87.5 million under the term loan facility.
• As of March 31, 2026, total borrowings reported: $417.4 million (revolving credit facility $325.0 million and term loan facility $92.4 million).
• As of December 31, 2025, long-term borrowings: $293.8 million comprising $205.0 million under the revolving credit facility and $88.8 million under the term loan facility.
• As of December 31, 2025, total borrowings reported: $298.7 million (revolving credit facility $205.0 million and term loan facility $93.7 million).
• As of March 31, 2026 and December 31, 2025, the company was in compliance with the financial covenants under its credit agreement with certain lenders and Citibank N.A. as administrative agent.
• As of March 31, 2026, current portion of long-term borrowings: $5.0 million and unamortized debt issuance costs: $(0.1) million, with current portion of long-term borrowings listed elsewhere as $4.9 million in the table.

Impact estimates