ATLANTA – Troutman Pepper Locke served as counsel to EXL, a global data and AI company, in connection with the closing of a new $1 billion senior secured credit facility. For more information, see the press release.
The facility increases EXL’s borrowing capacity from its previous limit of $600 million and provides greater covenant flexibility to support the company’s business strategy.
The Troutman Pepper Locke team that advised EXL was led by Justin Wood and included Rakesh Gopalan, Abraham Llama, and Phillip Chason.
Troutman Pepper Locke leverages decades of experience to provide comprehensive and tailored debt finance solutions for clients worldwide. The firm represents a diverse range of clients, including private equity sponsors and their portfolio companies, public and private corporate borrowers, institutional investors, bank and non-bank lenders, private credit funds, and direct lenders. The team’s deep market knowledge, particularly in the middle market and growth stages, allows for structuring, negotiating, and documenting complex financing deals effectively.
Troutman Pepper Locke
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