HCL America Inc., a wholly owned step-down subsidiary of HCL Technologies, has fully repaid the remaining USD 252.207 million outstanding balance of its 1.375% senior unsecured notes on March 10, 2026. Consequently, the unconditional and irrevocable guarantee provided by the parent company, HCL Technologies Limited, has been formally released by the Trustee of the Notes. This transaction concludes the financial obligation related to the notes originally issued in March 2021.
Subsidiary Debt Obligation Concluded
HCL Technologies Limited announced a significant update regarding the USD-denominated Senior Notes issued by its step-down subsidiary, HCL America Inc. The initial issuance, comprising USD 500 million in 1.375% senior unsecured notes, occurred in March 2021.
Repayment Timeline and Balance Settlement
The process of retiring this debt began earlier, as USD 247.793 million in aggregate principal amount was bought back and cancelled by HCL America Inc. in February 2023. The final transaction occurred on March 10, 2026, when HCL America Inc. successfully repaid the entire remaining balance of USD 252.207 million in aggregate principal amount.
Release of Corporate Guarantee
Crucially, these Notes were supported by an unconditional and irrevocable guarantee provided by HCL Technologies Limited. As of the announcement date, with zero Notes outstanding, the said guarantee has been released by the Trustee of the Notes. This action formally concludes the financial liability attached to the parent company concerning this specific debt instrument.
Company Endorsement
The disclosure, dated March 19, 2026, was executed by Manish Anand, Company Secretary, confirming the information for regulatory records.
Source: BSE
