Exela will settle exchange offer on Thursday

Chicago, Dec. 8 – Exela Technologies, Inc. will settle its exchange offer on Thursday, according to a press release.

The company had initially expected the exchange offer to possibly settle on Wednesday.

As previously reported, the company received valid tenders for $912.66 million, or 97.6%, of the notes issued by Exela Intermediate LLC and Exela Finance Inc.’s outstanding 10% first-priority senior secured notes due 2023.

After the offer settles, there will be $22.84 million, or 2.4%, of the old notes outstanding.

D.F. King & Co., Inc is the information and tender agent for the offer (888 644-6071, 212 269-5550, exela@dfking.com, http://www.dfking.com/exela).

Exela in an Irving, Tex.-based business process automation company.

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