HCL Technologies confirms the full repayment and cancellation of the remaining USD 252.207 million principal balance of senior unsecured notes issued by its subsidiary, HCL America Inc., on March 10, 2026. Consequently, the unconditional and irrevocable guarantee provided by HCL Technologies over these notes has been formally released by the Trustee. This action concludes the original USD 500 million note issuance from March 2021.
Conclusion of HCL America Inc. Note Obligation
This notification serves to update the stock exchanges regarding the financial status of notes issued by HCL America Inc., a wholly owned step-down subsidiary of HCL Technologies Limited, incorporated in California, USA. The notes in question were the 1.375% senior unsecured notes, originally issued in March 2021 for an aggregate principal amount of USD 500 million.
Repayment and Cancellation Details
It is noted that in February 2023, HCL America Inc. successfully bought back and cancelled notes totaling USD 247.793 million in principal amount. Furthermore, the remaining balance outstanding was settled recently. On March 10, 2026, HCL America Inc. fully repaid the remaining outstanding Notes amounting to USD 252.207 million in aggregate principal amount.
Release of Corporate Guarantee
The original note issuance carried an unconditional and irrevocable guarantee provided by HCL Technologies Limited (the Company). Since all outstanding Notes have been retired as of the date of this communication, the said guarantee has been officially released by the Trustee of the Notes. This concludes the financial commitment related to this specific USD-denominated senior debt issuance.
This information is provided for regulatory records and general information.
Source: BSE
