Monday, May 09, 2022 8:35:01 AM
Source: GlobeNewswire Inc.
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a global business process automation leader, today announced that it has executed a three-year financing commitment from PNC Bank to replace its existing securitization facility.
The new PNC facility provides up to $150 million in committed financing and is expected to close on or before May 31, 2022. Exela estimates annual interest savings from the PNC Facility at current borrowing levels of approximately $6 million based on an initial interest rate of approximately 4.00%.
The Company will provide additional details in its 8K filing upon closing of the PNC Facility.
For more Exela news, commentary, and industry perspectives, visit: https://investors.exelatech.com/
And please follow us on social:
Twitter: https://twitter.com/exelatech
LinkedIn: https://www.linkedin.com/company/exela-technologies
Facebook: https://www.facebook.com/exelatechnologies/
Instagram: https://www.instagram.com/exelatechnologies
The information posted on the Company's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in the Company should monitor the Company's website and its social media accounts in addition to the Company's press releases, SEC filings and public conference calls and webcasts.
About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 17,000 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" in Exela's Annual Report and other securities filings. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
XELA $$$$$
Recent XELA News
- Exela Technologies, Inc. to Host Fourth Quarter 2023 and Full Year 2023 Financial Results Conference Call • GlobeNewswire Inc. • 04/15/2024 01:00:00 PM
- Exela Technologies Holdings, Inc. Reports Full Year 2023 Results • GlobeNewswire Inc. • 04/04/2024 12:00:55 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:29:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/26/2024 09:30:40 PM
- Exela Technologies Announces Adjournment of Annual Meeting until June 13, 2024 • GlobeNewswire Inc. • 01/26/2024 09:15:00 PM
- Exela Technologies and XBP Europe Announce the Launch of Reaktr.ai to Provide Cybersecurity, Data Modernization and Multi-Cloud Management Enabled by AI • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
- Exela Technologies and XBP Europe Announce the Launch of Reaktr.ai to Provide Cybersecurity, Data Modernization and Multi-Cloud Management Enabled by AI • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
- Exela Technologies Recognized as a Disruptor in Avasant Research Report • GlobeNewswire Inc. • 01/09/2024 02:34:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/05/2024 09:02:11 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/29/2023 09:40:36 PM
- Exela Technologies Announces Adjournment of Annual Meeting until January 26, 2024 • GlobeNewswire Inc. • 12/29/2023 09:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/22/2023 08:38:49 PM
- Exela Technologies Reminds Stockholders to Cast Their Vote for Upcoming Annual Meeting of Stockholders to be held on December 29, 2023 at 10:00 a.m. Eastern Time • GlobeNewswire Inc. • 12/22/2023 01:30:00 PM
- Exela Technologies Recognized as Emerging Solution in FAO Hackett Value Matrix™ • GlobeNewswire Inc. • 12/13/2023 04:12:48 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 12/11/2023 09:16:06 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 12/11/2023 09:08:13 PM
- Exela Technologies Named in Forrester’s ‘The Accounts Payable Invoice Automation Landscape, Q1 2024 Report’ • GlobeNewswire Inc. • 12/11/2023 03:02:39 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/07/2023 02:10:23 PM
- Exela Technologies Announces Adjournment of Annual Meeting • GlobeNewswire Inc. • 12/05/2023 10:31:54 PM
- Exela Reminds Stockholders of Upcoming Annual Meeting and Encourages Voting • GlobeNewswire Inc. • 12/01/2023 03:21:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/30/2023 09:27:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/17/2023 10:00:20 PM
- Exela Technologies, Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing • GlobeNewswire Inc. • 11/17/2023 09:30:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/13/2023 09:05:37 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM