&w=1200&q=75)
&w=1200&q=75)
Blackstone Pledges Entire Stake in Mphasis for Loan Refinancing
Blackstone pledges entire Mphasis stake to refinance loan
Image: The Economic Times
Blackstone has pledged its entire 30.55% stake in Mphasis, comprising 58.3 million shares valued at approximately ₹13,000 crore (about $1.6 billion USD), to refinance a loan. The new facility, amounting to $550 million, replaces a previous loan of up to $1.1 billion and involves a consortium of global lenders.
- 01The refinancing facility agreement was signed on May 12 with major lenders including Citibank, Barclays, and Deutsche Bank.
- 02The pledged stake is valued at around ₹13,000 crore (approximately $1.6 billion USD) as of May 15.
- 03The new loan facility is intended to completely refinance the previous borrowing of up to $1.1 billion from 2021.
- 04Proceeds from the new facility may also be used for dividend payments and shareholder distributions.
- 05The transaction does not alter the shareholding structure of Mphasis.
Advertisement
In-Article Ad
Blackstone, a prominent investment firm, has pledged its entire 30.55% stake in Mphasis, which includes 58.3 million shares valued at about ₹13,000 crore (roughly $1.6 billion USD), as collateral for a new refinancing arrangement. This move is part of a facility agreement signed on May 12 with a consortium of global lenders, including Citibank, Barclays, HSBC, Deutsche Bank, JPMorgan, and Nomura. The new facility amounts to $550 million and replaces a previous loan facility of up to $1.1 billion established in 2021. The refinancing aims to fully settle the earlier borrowing while releasing the previous pledge structure. Blackstone clarified that this transaction does not change Mphasis’s shareholding structure. Additionally, the proceeds from the new facility may be utilized for dividend payments and other shareholder distributions, alongside covering transaction-related expenses.
Advertisement
In-Article Ad
This refinancing could affect Mphasis's financial stability and shareholder returns, as funds may be allocated for dividends.
Advertisement
In-Article Ad
Reader Poll
Do you think Blackstone's refinancing strategy will benefit Mphasis in the long term?
Connecting to poll...
More about Blackstone
Ari Emanuel et Mark Shapiro investissent dans les Las Vegas Raiders
Investing French • May 20, 2026
Ari Emanuel y Mark Shapiro se convierten en propietarios minoritarios de los Las Vegas Raiders
Investing • May 20, 2026
CoreWeave maintient sa position malgré la concurrence croissante dans le secteur de l'IA
Investing French • May 20, 2026
Read the original article
Visit the source for the complete story.