Welcome to our dedicated page for XELAW news (Ticker: XELAW), a resource for investors and traders seeking the latest updates and insights on XELAW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XELAW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XELAW's position in the market.
Exela Technologies, Inc. (NASDAQ: XELA) has successfully reduced its long-term debt by approximately $454 million following a senior notes exchange offer. This initiative achieved a 97.6% tender rate, allowing the company to cancel significant credit obligations and remove certain covenants. The result is an estimated $42 million reduction in cash interest expense and loan amortization, surpassing the original target of $37.5 million. Exela aims to exceed a $50 million improvement in annual free cash flow, reinforcing its strategy to unlock shareholder value.
Exela Technologies, Inc. (NASDAQ: XELA) will hold its Annual Meeting of Stockholders online on December 16, 2021, at 10:00 a.m. (ET). Stockholders are urged to vote their shares by proxy before the meeting. A proxy card was sent to all registered stockholders as of October 20, 2021. Voting can be done via the provided online link or through emails received from Proxyvote.com. Brokers cannot vote shares without specific instructions from stockholders. Important information regarding the meeting is included in the proxy statement filed with the SEC.
Exela Technologies (NASDAQ: XELA) hosted a webinar on December 8, 2021, where Josh Siegler from Cantor Fitzgerald and Exela's Global Head of Strategy, Matt Brown, discussed the company’s core business and revenue generation exceeding $1 billion annually. The session, titled “Behind the Curtain: Deep Dive into Exela’s Business,” focused on key aspects such as business process automation, growth outlook, and Exela's strategies for securing new business. The fireside chat is available for 30 days via Zoom.
Exela Technologies announced a $35 million investment in common stock led by B. Riley Securities. In addition, the management and board will invest over $1 million in the company's stock. This investment is expected to reduce reliance on at-the-market offerings and support growth initiatives, including a $40 million increase in capacity at a special purpose vehicle. Executive Chairman Chadha expressed optimism about unlocking shareholder value, while B. Riley's Chairman emphasized confidence in Exela’s technology platform.
Exela Technologies announced the closing of its exchange offer for senior secured notes on December 9, 2021. The offer, which launched on October 27, aimed to exchange up to $225 million in cash and new 11.500% notes due 2026 for its outstanding 10.000% notes due 2023. Approximately 97.6% of the old notes were validly tendered, resulting in $662.66 million in new notes issued and $225 million in cash distributed. The exchange offer conditions were satisfied, allowing all validly tendered notes to be accepted.
Exela Technologies has launched its proprietary platform, Exela Remote Notarization (Exela RN), which connects signatories with credentialed notaries for online notarization. This web portal offers notaries tools for scheduling, payments, and session tracking within a secure environment. Exela RN integrates with other Exela solutions like DrySign and the Digital Mailroom, enhancing customer onboarding for digital services. Over half of U.S. states support online notarization, making this a timely solution for individuals and businesses seeking convenient notarization options.
Exela Technologies, Inc. (NASDAQ: XELA) has announced the results of its Exchange Offer, which expired on December 3, 2021. Approximately 97.6% of the outstanding 10.000% First-Priority Senior Secured Notes due 2023 were tendered for exchange. Exela will issue $662.66 million in new 11.500% First-Priority Senior Secured Notes due 2026 and $225 million in cash to participating holders. Following the exchange, only 2.4% of the Old Notes will remain outstanding. The settlement is expected around December 8, 2021.
Exela Technologies (NASDAQ: XELA) announces a webinar hosted by Cantor Fitzgerald's Josh Siegler featuring Exela's Matt Brown on December 8, 2021, at 1 PM ET. Titled “Behind the Curtain: Deep Dive into Exela’s Business,” the session will cover Exela’s core business operations, how it generates over $1B in annual revenue, its growth outlook, and factors affecting its ability to win new business. A replay will be available on Exela's investor relations website post-event.
Exela Technologies, Inc. (NASDAQ: XELA) has extended the early tender and expiration time for its exchange offer concerning its outstanding 10.000% First-Priority Senior Secured Notes due 2023 until December 3, 2021. Approximately $893.5 million, or 95.5%, of the notes were tendered by the original deadline. The exchange offer includes a cash payment of $900 per $1,000 principal amount of the Old Notes, with a maximum cash amount of $225 million. The company has received consents for amendments to eliminate restrictive covenants and events of default in the Old Notes Indenture.
FAQ
What is the market cap of XELAW (XELAW)?
