Exela Technologies Restructures $1.3 Billion Debt
Deal News | Mar 04, 2025 | Ropes & Gray
Ropes & Gray is acting as legal counsel to an ad hoc group of bondholders in the restructuring process of Exela Technologies. Exela Technologies, a global business process automation firm, is undergoing chapter 11 bankruptcy proceedings under the case name In re DocuData Solutions, Inc., in the U.S. Bankruptcy Court for the Southern District of Texas. The restructuring will address $1.3 billion of funded debt while the bondholders introduce a new debtor-in-possession (DIP) financing facility worth up to $80 million to support the company. The dedicated team from Ropes & Gray involved in this case consists of several partners and associates specializing in areas such as business restructuring, finance, mergers and acquisitions, and tax.
Sectors
- Business Process Automation
- Legal Services
- Corporate Finance
Geography
- United States – The restructuring case for Exela Technologies is being held in the United States Bankruptcy Court for the Southern District of Texas.
Industry
- Business Process Automation – Exela Technologies operates within the business process automation industry, offering solutions that manage and optimize business processes.
- Legal Services – Ropes & Gray is a law firm providing legal advisory services, including this representation of bondholders in restructuring proceedings.
- Corporate Finance – The restructuring process involves significant financial transactions and advisories, pertinent to the corporate finance sector.
Financials
- $1.3 Billion – The total amount of funded debt being restructured for Exela Technologies.
- $80 Million – The value of the new money DIP facility provided by the bondholders.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Exela Technologies | Target Company | Company | A global business process automation company undergoing restructuring. |
| Ropes & Gray | Legal Advisor | Company | A law firm advising the ad hoc group of bondholders in the restructuring process. |
| Ad Hoc Group of Bondholders | Bondholders | Other | The group providing new money DIP facility and involved in the restructuring. |