BCP Topco IX Pte. Ltd., the promoter of Mphasis Limited, has successfully completed the refinancing of its existing 2021 financial facilities. The transition to a new 2026 Facility, valued at USD 550 million, involved the release of previous encumbrances and the creation of a new pledge over 100% of the promoter’s shares in Mphasis Limited. This strategic financial maneuver ensures continued credit support while maintaining the promoter’s existing shareholding structure in the company.
Refinancing Strategic Debt
On May 15, 2026, the promoter of Mphasis Limited, BCP Topco IX Pte. Ltd., finalized the refinancing of its debt obligations. This transaction involved the full repayment of the 2021 Facility, which carried an initial value of up to USD 1.1 billion. By settling this legacy debt, the promoter effectively cleared previous indirect encumbrances tied to its holdings.
New Facility and Encumbrance Details
As part of the refinancing, the promoter entered into a new 2026 Facility Agreement, securing term loan facilities of up to USD 550 million. To secure this new financing, a first-ranking exclusive pledge has been created over 58,299,642 shares, representing 30.55% of the total share capital of Mphasis Limited. This pledge is held in favour of the Onshore Security Agent for the benefit of the new lenders.
Impact on Shareholding
The company confirmed that this refinancing activity has no impact on the promoter’s shareholding in Mphasis Limited. The arrangement serves as a strategic realignment of debt, with the new facility expected to be utilized for the repayment of existing indebtedness, as well as potential dividends and other corporate distributions for the shareholders of the promoter entity.
Source: BSE
