BCP Topco IX Pte. Ltd., a promoter of Mphasis Limited, has successfully completed a refinancing of its existing debt arrangements. The transition, effective May 15, 2026, involved the repayment of the 2021 facility and the establishment of a new USD 550 million facility. This strategic move resulted in the release of previous encumbrances and the creation of a new pledge over the promoter’s 30.55% stake in the company.
Refinancing Details
On May 12, 2026, BCP Topco IX Pte. Ltd. entered into a new 2026 Facility Agreement to secure term loan facilities of up to USD 550,000,000. This capital was utilized to fully refinance the previous 2021 facility, which was officially repaid on May 15, 2026. The new arrangement includes a first-ranking exclusive pledge over 100% of the shares held by the promoter in Mphasis Limited, which represents a 30.55% equity stake in the company.
Strategic Rationale
The primary purpose of the 2026 Facility is to manage the existing financial indebtedness of the promoter. Beyond debt refinancing, the arrangement provides flexibility for payments of dividends, other distributions to shareholders, and the settlement of associated costs and fees. This transaction does not result in any change to the promoter’s shareholding in Mphasis Limited, maintaining its current stake of 58,299,642 equity shares.
Security Framework
The new security structure involves multiple entities to manage the facility, including Catalyst Trusteeship Limited as the Onshore Security Agent, Deutsche Bank AG, Singapore Branch as the Agent, and DB International Trust (Singapore) Limited as the Offshore Security Agent. The transaction ensures that the promoter’s entire shareholding in the company remains encumbered to support the new long-term financial structure.
Source: BSE
