Nature and Purpose of the Meeting
The Management Committee of Capri Global Capital Limited approved through circular resolution the pricing, tenure, and terms of US$300 million senior secured notes issuance under the company's global medium term note programme.
Details of Resolutions Passed
- Approved pricing of US$300,000,000 7.55% Senior Secured Notes due 2029
- Notes issued under US$1,000,000,000 global medium term note programme
- Pricing date: September 01, 2026
- Closing and settlement date: September 09, 2026
- Date of allotment: September 09, 2026
- Maturity date: December 09, 2029
- Tenure: 3 Years Weighted Average Life
- Coupon: 7.55% per annum fixed rate
- Interest payment dates: June 09 and December 09 each year, commencing June 09, 2027
- Amortization schedule: Three equal payments of 33.33% each on June 09, 2029, September 09, 2029, and December 09, 2029
- Credit ratings: Ba3 by Moody's and BB- by Fitch
- Currency: United States Dollars
- Security: First ranking pari passu charge by way of hypothecation over standard receivables, book debts, principal amounts, interest, costs, charges, loan book, coupon, premium, default/penal interest, un-encumbered cash and bank balance, investments in mutual funds/debt securities/bonds, term deposits with banks
Financial Impact
Total capital raised: US$300,000,000
Timing of the Meeting
The Committee approved the resolutions through circular resolution at 11:43 p.m. on September 01, 2026.
Compliance References
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (LODR Regulations)
- Regulations 30 and 51 of LODR Regulations
- Regulation S and Rule 144A of the U.S. Securities Act of 1933 (as amended)
- RBI regulations for use of proceeds
- ECB Guidelines and other applicable laws
Listing Details
Notes will be listed on:
- India International Exchange (IFSC) Limited (Global Securities Market segment)
- NSE IFSC Limited
Use of Proceeds
For activities as permitted under RBI regulations such as onward lending, in accordance with RBI approvals and ECB Guidelines.
Other Material Disclosures
- The pricing supplement will be submitted to India INX and NSE IFSC
- The announcement includes a standard disclaimer regarding the offering being made pursuant to Regulation S and Rule 144A
- No special rights/privileges attached to the instrument
- No history of delay in payment of interest or principal
- No details of redemption of preference shares or debentures provided