Exela Technologies Mulls Tapping Bond Market To Manage Debt (1)

April 14, 2021, 1:37 PM

Exela Technologies Inc. is the latest debt-laden company that’s weighing tapping the hot credit markets to raise new funds and rework existing borrowings.

The technology company is considering options including selling new first-lien bonds to refinance some of its more than $1 billion of obligations, according to people with knowledge of the matter who asked not to be named because the financing discussions are private.

Exela has been discussing terms of a potential deal with different creditor groups, and is weighing one proposal in which proceeds from a bond offering would fund a new asset-based credit line and pay down...

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