Capri Global Capital Approves $300M Senior Secured Notes Issuance
Capri Global Capital Limited approved the issuance of U.S.$300 million in 7.55% Senior Secured Notes due 2029. The notes will be issued under its U.S.$1 billion GMTN Programme. Allotment is set for September 9, 2026, with maturity on December 9, 2029. The issuance is expected to be rated "Ba3" by Moody's and "BB-" by Fitch.
The debt issuance of $300 million is a significant amount and will impact the company's capital structure and funding for future growth, but it does not represent a fundamental change in the business model.
The company successfully secured debt financing through the issuance of senior secured notes, which is generally viewed positively as it can fund growth and operations.
Capri Global Capital Limited (CGCL) announced on September 1, 2026, that its Management Committee has approved the pricing, tenure, and terms for the issuance of U.S.$300,000,000 (approximately ₹2,500 crore) 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 committee also approved the drafts of key documents, including the pricing supplement and subscription agreement. The pricing supplement 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 9 and December 9 each year. The notes have a tenure of 3 years, with an allotment date of September 9, 2026, and a maturity date of December 9, 2029. The proceeds are intended for onward lending activities as permitted by RBI regulations and ECB Guidelines. The notes are expected to be rated "Ba3" by Moody's and "BB-" by Fitch.
A plain-language summary of a public exchange filing by Capri Global Capital Limited. Read the original for the full detail.