{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-081646","form_type":"8-K","ticker":null,"cik":"0001620179","company_name":"Exela Technologies, Inc.","filed_at":"2023-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.584388+00:00","generated_at":"2026-06-13T07:42:51.913593+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Exela issues $1.082B in 11.5% senior secured notes due 2026, exchanges old notes and term loans","bullets":["Issued $1,082M aggregate principal of 11.500% First-Priority Senior Secured Notes due April 15, 2026.","Interest payable semi-annually; PIK interest for certain periods, cash payments subject to $15M unrestricted cash floor.","Exchanged remaining ~$5M third-party 2023 Term Loans and ~$14M affiliate 2023 Term Loans and $14M affiliate 2023 Notes for New Notes.","Old Notes reduced to ~$24M outstanding; seventh supplemental indenture released collateral and eliminated most restrictive covenants on Old Notes.","Covenants limit incurrence of debt, dividends, asset sales, mergers; change-of-control repurchase at 101% of principal."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-081646","json":"https://secwatch.observer/filing/0001104659-23-081646.json","markdown":"https://secwatch.observer/filing/0001104659-23-081646.md","text":"https://secwatch.observer/filing/0001104659-23-081646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923081646/0001104659-23-081646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923081646/tm2321437d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T07:42:51.913593+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bbbb8ee7867ecb13bf4c71b06258d47c81c4edc","claim":"Exela Technologies, Inc. incurred senior notes of approximately $1,082 million aggregate principal amount with U.S. Bank Trust Company, National Association at 11.500% per annum maturing April 15, 2026.","evidence_excerpt":"New Notes Indenture ”) governing the Issuers’ 11.500% First-Priority Senior Secured Notes due 2026 (the “ New Notes ”). As previously announced, on the Issue Date, approximately $1,082 million aggregate principal amount of the New Notes were issued (or $768 million aggregate principal amount excluding amounts held by affiliates of the Company), which includes (i) New","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923081646/0001104659-23-081646-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $1,082 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"11.500% per annum"},{"label":"Maturity","value":"April 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1d28c6389d3ab1ad9ea5152904a64bb52d95ac7c","claim":"Exela Technologies, Inc. entered into New Notes Indenture with U.S. Bank Trust Company, National Association valued at 11.500% First-Priority Senior Secured Notes due 2026; approximately $1,082 million aggregate princip (effective 2023-07-11).","evidence_excerpt":"On July 11, 2023 (the “ Issue Date ”), Exela Intermediate LLC (the “ Company ”), a wholly-owned subsidiary of Exela Technologies, Inc., (“ Parent ”), and Exela Finance Inc., a wholly-owned subsidiary of Parent (the “ Co-Issuer ” and, together with the Company, the “ Issuers ”), the guarantors party thereto from time to time and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “ New Notes Trustee ”), entered into an indenture (the “ New Notes Indenture ”) governing the Issuers’ 11.500% First-Priority Senior Secured Notes due 2026 (the “ New Notes ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1620179/000110465923081646/0001104659-23-081646-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"11.500% First-Priority Senior Secured Notes due 2026; approximately $1,082 million aggregate princip"},{"label":"Effective","value":"2023-07-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}