Brief: Exela Technologies Increases Consideration Offered For Shares Through Exchange Offer To $1.25 Of New Notes Per Share

Exela Technologies

07/02/2022 13:04

Feb 7 (Reuters) - Exela Technologies Inc  XELA.O :
    * EXELA TECHNOLOGIES ANNOUNCES AN INCREASE IN THE
CONSIDERATION
BEING OFFERED FOR SHARES OF COMMON STOCK THROUGH EXCHANGE OFFER
TO $1.25 OF NEW NOTES PER SHARE
    * EXELA TECHNOLOGIES - SHAREHOLDERS CAN NOW EXCHANGE BLOCKS
OF 20
SHARES OF COMMON STOCK INTO A TRADABLE $25 NOTE DUE 2029 WITH 6%
ANNUAL INTEREST RATE
    * EXELA TECHNOLOGIES INC - SHARES TENDERED WILL BE RETIRED,
REDUCING SHARE COUNT BY APPROXIMATELY 30%

Source text for Eikon:  ID:nGNX27hfbT 
Further company coverage:  XELA.O 

 ((Reuters.Briefs@thomsonreuters.com;))