SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 18, 2025
GENPACT LIMITED
(Exact name of registrant as specified in its charter)
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Bermuda
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001-33626
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98-0533350
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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Canon's Court, 22 Victoria Street
Hamilton HM 12, Bermuda
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (441) 298-3300
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol
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Name of each exchange on which registered
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Common shares, par value $0.01 per share
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G
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 1.01.
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Entry into a Material Definitive Agreement.
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Notes Offering
On November 18, 2025, Genpact UK Finco plc (“Genpact UK”) and Genpact USA, Inc. (“Genpact USA”), indirect wholly owned subsidiaries of Genpact Limited
(“Genpact”), completed their previously announced underwritten public offering (the “Notes Offering”) of $350 million aggregate principal amount of their 4.950% Senior Notes due 2030 (the “2030 Notes”). The 2030 Notes are Genpact UK’s and Genpact
USA’s senior unsecured indebtedness and are guaranteed on a senior unsecured basis by Genpact and Genpact Luxembourg S.à r.l. (“Genpact Luxembourg”). The 2030 Notes were issued pursuant to an indenture dated as of November 18, 2025 (the “Base
Indenture”) among Genpact UK, Genpact USA, Genpact, Genpact Luxembourg and Computershare Trust Company, National Association, as trustee (the “Trustee”), and a first supplemental indenture dated as of November 18, 2025 (the “First Supplemental
Indenture”).
The 2030 Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to an effective shelf registration statement
on Form S-3 (File No. 333-291491), as supplemented by the prospectus supplement dated November 13, 2025, filed with the Securities and Exchange Commission under the Securities Act.
In connection with the issuance of the 2030 Notes, Genpact, Genpact UK, Genpact USA and Genpact Luxembourg entered into an Underwriting Agreement dated as of
November 13, 2025 (the “Underwriting Agreement”), among Genpact UK and Genpact USA, as co-issuers, Genpact and Genpact Luxembourg, as guarantors, and the representatives of the several underwriters named therein (the “Underwriters”), pursuant to
which Genpact UK and Genpact USA agreed to issue and sell the 2030 Notes to the Underwriters. For a complete description of the terms and conditions of the Underwriting Agreement, please refer to the Underwriting Agreement, which is filed as Exhibit
1.1 hereto, and is incorporated herein by reference.
The 2030 Notes will mature on November 18, 2030. Interest on the 2030 Notes accrues at the rate of 4.950% per annum and is payable semi-annually in arrears on
May 18 and November 18 of each year, commencing on May 18, 2026.
The 2030 Notes and the related guarantees are general unsecured obligations of Genpact UK, Genpact USA, Genpact and Genpact Luxembourg, as applicable, and
will be pari passu in right of payment with all existing and future senior indebtedness of such entities, will be effectively subordinated to
all future secured indebtedness of such entities to the extent of the value of the assets securing that indebtedness and will be senior in right of payment to all future subordinated indebtedness of such entities. The 2030 Notes will be structurally
subordinated to all indebtedness and other liabilities of subsidiaries of Genpact (other than Genpact UK, Genpact USA and Genpact Luxembourg) that do not guarantee the 2030 Notes, including the liabilities of certain subsidiaries pursuant to
Genpact’s senior credit facility.
Genpact UK and Genpact USA may redeem some or all of the 2030 Notes prior to October 18, 2030 at a redemption price equal to 100% of their principal amount
plus accrued and unpaid interest, if any, to, but not including, the redemption date, plus an applicable “make-whole” premium. Genpact UK and Genpact USA may redeem some or all of the 2030 Notes on or after October 18, 2030 at a redemption price
equal to 100% of their principal amount, plus accrued and unpaid interest, if any, to, but not including, the redemption date.
The 2030 Notes are subject to certain customary covenants, including limitations on the ability of Genpact and certain of its subsidiaries, including Genpact
UK and Genpact USA, with significant exceptions, (i) to incur debt secured by liens; (ii) to engage in certain sale and leaseback transactions; and (iii) to consolidate, merge, convey or transfer their assets substantially as an entirety. In
addition, pursuant to a customary change of control covenant, upon a change of control repurchase event, Genpact UK and Genpact USA will be required to make an offer to repurchase the 2030 Notes at a price equal to 101% of the aggregate principal
amount of such 2030 Notes, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase.
Genpact intends to use the net proceeds from the Notes Offering for general corporate purposes, which may include repaying or redeeming Genpact Luxembourg’s
and Genpact USA’s outstanding 1.750% senior notes due 2026 (the “2026 Notes”) at or prior to their maturity on April 10, 2026.
Third Supplemental Indenture to 2021 Base Indenture
On November 18, 2025, Genpact Luxembourg, Genpact USA, Genpact, Genpact UK and the Trustee entered into a third supplemental indenture to the indenture dated
as of March 26, 2021 among Genpact Luxembourg, Genpact USA, Genpact and the Trustee (the “2021 Base Indenture”), pursuant to which Genpact UK agreed to fully and unconditionally guarantee all of the 2026 Notes and all of Genpact Luxembourg’s and
Genpact USA’s 6.000% senior notes due 2029 (the “2029 Notes”) (the “2021 Third Supplemental Indenture”) on the terms, and subject to the conditions and limitations set forth in, the 2021 Base Indenture.
The foregoing descriptions of the Base Indenture, the First Supplemental Indenture, the 2030 Notes and the 2021 Third Supplemental Indenture are qualified in
their entirety by reference to the actual terms of the respective documents. Copies of the Underwriting Agreement, the Base Indenture, the First Supplemental Indenture, the form of the 2030 Notes and the 2021 Third Supplemental Indenture are attached
as Exhibits 1.1, 4.1, 4.2, 4.3 and 4.4 hereto, respectively, and each is incorporated by reference herein.
Supplement to Guarantee the Credit Agreement
On November 18, 2025, Genpact UK entered into a guaranty supplement with Wells Fargo Bank, National Association, as administrative agent (the
“Administrative Agent”), pursuant to which Genpact UK became a guarantor of the second amended and restated credit agreement, dated as of December 13, 2022, among Genpact USA, Genpact Global Holdings (Bermuda) Limited, Genpact Luxembourg and
Genpact, as borrowers, the Administrative Agent and the lenders and other parties thereto.
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Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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The information contained in Item 1.01 is incorporated by reference in this Item 2.03.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
The following exhibits are filed with this Current Report on Form 8-K:
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Exhibit
No.
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Description
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1.1*
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Underwriting Agreement, dated as of November 13, 2025, among Genpact UK and Genpact USA, as co-issuers, Genpact and Genpact Luxembourg, as guarantors,
and Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the Underwriters.
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4.1
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Indenture, dated as of November 18, 2025, by and among Genpact UK, Genpact USA, Genpact, Genpact Luxembourg and Computershare Trust Company, National
Association, as trustee.
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4.2
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First Supplemental Indenture, dated as of November 18, 2025, by and among Genpact UK, Genpact USA, Genpact and Genpact Luxembourg and Computershare
Trust Company, National Association, as trustee.
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4.3
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Form of 4.950% Senior Note due 2030 (included as Exhibit A to the First Supplemental Indenture filed as Exhibit 4.2).
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4.4
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Third Supplemental Indenture, dated as of November 18, 2025, by and among Genpact Luxembourg, Genpact USA, Genpact, Genpact UK and Computershare Trust
Company, National Association (as successor to Wells Fargo Bank, National Association), as trustee.
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5.1
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Opinion of Cravath, Swaine & Moore LLP.
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5.2
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Opinion of Allen Overy Shearman Sterling SCS société en commandite simple (inscrite au barreau de Luxembourg).
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5.3
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Opinion of Appleby (Bermuda) Limited.
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5.4
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Opinion of Slaughter and May.
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23.1
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Consent of Cravath, Swaine & Moore LLP (included in Exhibit 5.1).
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23.2
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Consent of Allen Overy Shearman Sterling SCS société
en commandite simple (inscrite au barreau de Luxembourg) (included in Exhibit 5.2).
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23.3
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Consent of Appleby (Bermuda) Limited (included in Exhibit 5.3).
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23.4
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Consent of Slaughter and May (included in Exhibit 5.4).
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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* Schedules or similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Genpact hereby undertakes to furnish copies of any of the
omitted schedules or similar attachments upon request by the Securities and Exchange Commission.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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GENPACT LIMITED
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By:
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/s/ Heather White
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Name:
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Heather White
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Title:
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Senior Vice President, Chief Legal Officer and Corporate Secretary
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