UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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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. ¨
Item 7.01 Regulation FD Disclosure.
Exchange Offers
On October 27, 2021, Exela Intermediate LLC (the “Company”), a wholly-owned subsidiary of Exela Technologies, Inc., and Exela Finance, Inc. (the “Co-Issuer” and together with the Company, the “Issuers”), launched offers to exchange (the “Exchange Offers”) up to $225 million in cash and new 11.500% First-Priority Senior Secured Notes due 2026 for the Issuers’ outstanding 10.000% First-Priority Senior Secured Notes due 2023 (the “Old Notes”) and first lien term loans (the “Old Term Loans”), and a solicitation of consents to proposed amendments with respect to the Old Notes and the Old Term Loans (the “Consent Solicitations”).
The terms and conditions of the Exchange Offers and Consent Solicitations are set forth in the Issuers’ Confidential Offering Memorandum and Consent Solicitation Statement, dated October 27, 2021 relating to the Old Notes (the “Offering Memorandum”) and an exchange agreement relating to the Old Term Loans. A copy of the press release announcing the Exchange Offers and Consent Solicitations is included as Exhibit 99.1 to this report and is incorporated by reference herein.
The information in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not deemed incorporated by reference into any filing under the Securities Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit |
Description | |
| 99.1 | Press release, dated as of October 27, 2021, related to the Exchange Offers and Consent Solicitations. | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXELA TECHNOLOGIES, INC. | ||
| Date: October 27, 2021 | By: | /s/ Erik Mengwall |
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Erik Mengwall Deputy General Counsel, Secretary | ||