Company: G
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001398659-25-000035
Chunk: 66

Company: Genpact LTD
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 66
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 cash flows, working capital or liquidity and in turn have an adverse impact on our financial condition or results of operations.

33

On June 4, 2024, we issued $400 million aggregate principal amount of 6.000% senior notes (the "2029 Notes") in an underwritten public offering. As of December 31, 2024, the amount outstanding under the 2029 Notes, net of debt amortization expense of $3.9 million, was $396.1 million, which is payable on June 4, 2029 when the notes mature. We are required to pay interest on the 2029 Notes semi-annually in arrears on June 4 and December 4 of each year, ending on the maturity date.

The 2026 Notes and 2029 Notes were issued by, and are senior unsecured indebtedness of, Genpact Luxembourg S.à r.l. and Genpact USA, Inc., and are guaranteed on a senior unsecured basis by Genpact Limited. The 2026 Notes and 2029 Notes are subject to certain customary covenants set forth in their respective governing indentures, including limitations on our ability to incur debt secured by liens, engage in certain sale and leaseback transactions and consolidate, merge, convey or transfer our assets. Upon certain change of control transactions, we would be required to make an offer to repurchase the 2026 Notes and the 2029 Notes, as applicable, at a price equal to 101% of the aggregate principal amount of such notes, plus accrued and unpaid interest.  The interest rate payable on the 2026 Notes is subject to adjustment if the credit ratings of the 2026 Notes is downgraded, up to a maximum increase of 2.0%. We may redeem the 2026 Notes and 2029 Notes at any time in whole or in part, at a redemption price equal to 100% of the principal amount of the notes redeemed, together with accrued and unpaid interest or, if redemption occurs prior to, in the case of the 2026 Notes, March 10, 2026, and in the case of the 2029 Notes, May 4, 2029, a specified “make-whole” premium. The 2026 Notes and 2029 Notes are our senior unsecured obligations and rank equally with all our other senior unsecured indebtedness outstanding from time to time.

Our indebtedness and related debt service obligations can