Exela Technologies, Inc. Announces Successful Results and Expiration of Exchange Offer and Consent Solicitation and Satisfaction of 2023 Maturities tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
85.27%
No consent fee will be paid to Holders of Notes in connection with the Consent Solicitation.
Having received the Requisite Consents, the Company is authorized to amend the terms of the Class A Notes and the Indenture to (i) reduce the coupon on the Class A Notes from 2.60% per annum (the Original Class A Notes Coupon ) to 2.25%Â per annum (the Modified Class A Notes Coupon ); and (ii) issue a new series of interest only notes (the Class A2 Notes ) paying an amount per annum equal to (x) the Original Class A Notes Coupon, minus (y) the Modified Class A Notes Coupon.