---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-072780"
form_type: "8-K"
ticker: "XBP"
cik: "0001839530"
company_name: "XBP Global Holdings, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:27:25.965927+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# XBP Europe completes acquisition of Exela BPA; combined revenue >$900M, eliminates $1.1B debt

## Summary
- Acquisition of Exela Technologies BPA closed, resulting in combined company with over $900M annual revenue and ~11,000 employees across 19 countries.
- BPA emerged from Chapter 11; XBP Europe issued ~81.8M new shares valued at $4.98/share to eliminate $1.1B of secured debt.
- Combined company's trailing net debt-to-adjusted EBITDA ratio approximately 3.5x, indicating strengthened financial position.
- Company amended its credit facility with HSBC, extending termination date and adding up to £14M permitted loans for restructuring.
- Shareholders approved name change to XBP Global Holdings, Inc., increase in authorized shares, reverse stock split (1:3-1:15), and other governance changes.

## SEC filing metadata
- accession: 0001104659-25-072780
- form_type: 8-K
- ticker: XBP
- cik: 0001839530
- company_name: XBP Global Holdings, Inc.
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839530/000110465925072780/0001104659-25-072780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839530/000110465925072780/tm2522217d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-072780
- JSON: https://secwatch.observer/filing/0001104659-25-072780.json
- Plain text: https://secwatch.observer/filing/0001104659-25-072780.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.