HCL Technologies announced the full repayment and cancellation of the remaining USD 252.207 million principal amount of 1.375% senior unsecured notes issued by its subsidiary, HCL America Inc., on March 10, 2026. As the entire debt is now settled, the unconditional and irrevocable guarantee previously provided by the parent company has been formally released by the Trustee of the Notes. A portion of the notes, totaling USD 247.793 million, was bought back in February 2023.
Debt Settlement Announcement
HCL Technologies Limited has officially informed the stock exchanges regarding the complete extinguishment of financial obligations related to its US subsidiary. This communication, dated March 19, 2026, confirms the final settlement of the 1.375% senior unsecured notes issued by HCL America Inc.
Key Repayment Details
The initial issuance in March 2021 was for USD 500 million. Subsequent activity included a significant buyback in February 2023, where USD 247.793 million in aggregate principal amount was retired.
Crucially, HCL America Inc. completed the final settlement on March 10, 2026, fully repaying the outstanding balance of USD 252.207 million in aggregate principal amount. This action concludes the financing arrangement associated with the notes.
Release of Corporate Guarantee
The Notes carried an unconditional and irrevocable guarantee from HCL Technologies Limited. Following the full repayment and cancellation of all outstanding principal as of March 10, 2026, the Trustee for the Notes has confirmed that the said guarantee shall be released. This development reduces the contingent liabilities exposure for the parent company associated with this specific issuance.
Source: BSE
