Hexaware invites banks to join take-private loan in general

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By Pan Yue
28 Aug 2020

A $600m loan to support Baring Private Equity Asia’s take-private of Indian software firm Hexaware Technologies has been launched into general syndication, with three banks joining at the top level.

ANZ, Barclays, BNP Paribas, Citi, Crédit Agricole, DBS, Deutsche Bank, HSBC and Standard Chartered are the mandated lead arrangers and bookrunners. Bank SinoPac, E.Sun Commercial Bank and Sumitomo Mitsui Banking Corp joined the deal as passive MLABs before its launch.

Hexaware’s five year loan has an opening margin ...

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