Capri Global Capital Approves $300 Million Senior Secured Notes Due 2029
Capri Global Capital Limited approved the issuance of U.S.$300 million (₹2,500 crore) 7.55% Senior Secured Notes due 2029. The notes will be listed on India INX and NSE IFSC. Allotment is scheduled for September 09, 2026, with maturity on December 09, 2029. Proceeds are for onward lending.
The U.S.$300 million debt issuance is a material financial event that can significantly impact the company's capital structure, liquidity, and future growth plans.
The approval of a significant debt issuance indicates a positive step for the company's funding and growth prospects.
Capri Global Capital Limited's management committee has approved the pricing, tenure, and terms for issuing U.S.$300,000,000 (₹2,500 crore) worth of 7.55% Senior Secured Notes due 2029. These notes will be issued under the company's U.S.$1,000,000,000 global medium term note programme. The approval was granted through a circular resolution on September 01, 2026.
The company has also approved the drafts of key documents related to the notes, including the pricing supplement and subscription agreement. These documents will be submitted to India International Exchange (IFSC) Limited (“India INX”) and NSE IFSC Limited (“NSE IFSC”), where the notes will also be listed.
The notes carry a fixed interest rate of 7.55% per annum, with interest payment dates on June 09 and December 09 each year. The notes will mature on December 09, 2029, with amortisation scheduled in three tranches of 33.33% each on June 09, 2029, September 09, 2029, and December 09, 2029. The closing and settlement date for the notes is set for September 09, 2026, with an allotment date of September 09, 2026. The proceeds from this issuance are intended for activities permitted under RBI regulations, such as onward lending.
A plain-language summary of a public exchange filing by Capri Global Capital Limited. Read the original for the full detail.