Exela Technologies Announces New Funding, Amendment Increases Existing Securitization Facility To $185 Million And Other Related Transactions
Round Type
Funding Round
IrvingOtherMedia And EntertainmentEventsDescription
Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, today reported its subsidiaries had obtained $51 million of new funding from B. Riley Commercial Capital, LLC (“BRCC”) and an affiliate of BRCC through a combination of an amendment of the Company’s existing $150 million PNC securitization facility to permit the addition of $35 million of junior secured financing, a separate sale of receivables, and an increase in availability under a revolving line of credit. The new securitization facility matures in June 2025 and bears interest at a per annum rate of one-month Term SOFR plus 7.5%.
Quick answer
Exela raised an undisclosed amount in a Funding Round round, dated March 2, 2023. Exela is based in Irving, Texas, United States.
- How much did Exela raise?
- Exela raised an undisclosed amount in a Funding Round round on March 2, 2023.
- What does Exela do?
- Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience.
- Where is Exela based and how big is it?
- Exela is based in Irving, Texas, United States.
- Who are the decision-makers at Exela?
- Fundz holds 1 contact at Exela. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Media And Entertainment and Events around the same time
Companies in the same sectors as Exela that raised within 45 days of this round, from Fundz verified event records.
- B2Digital, Inc. raised $222K (Seed) on February 10, 2023.
- AlphaSense raised $100M (Funding Round) on April 11, 2023.
- Kustom Entertainment raised $3M (Seed) on April 5, 2023.
- Adludio raised $2.5M (Seed) on April 4, 2023.
- Dunzo raised an undisclosed amount (Funding Round) on March 30, 2023.
- Curiosity raised an undisclosed amount (Funding Round) on March 29, 2023.
Who to call at Exela, and when
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- The decision-makers there, with verified emails
- Who you already know at Exela, from your own LinkedIn network
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Related People
Exela raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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