Exela Technologies (XELA) to Deploy $200M in Next Step Capital Deployment Strategy

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Go back to Exela Technologies (XELA) to Deploy $200M in Next Step Capital Deployment Strategy

Exela Technologies Announces Plans to Deploy over $200 Million in Expected Proceeds for the Next Step in Capital Deployment Strategy: Seek approval for share buyback, dividends, debt repurchase and sa

June 6, 2022 8:20 AM EDT

IRVING, Texas, June 06, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA, XELAP) today announced the next step in its multipart Capital Deployment Strategy (Strategy), previously announced on September 30, 2021 as part of a broader mandate to maximize shareholder value, proactively negotiate our remaining debt maturities and reduce the overall amount of debt along with repurchases of common stock. The Company remains focused on strengthening its financial foundation for improved cash flow generation which is essential for shareholder value expansion.

The Companys Strategy calls for initiating sale processes for several stand-alone assets that are expected to generate proceeds... More