SOLIC Capital Advisors Serves as Financial Advisor to the Ad Hoc Group of Bondholders in the Exela Technologies Restructuring

SOLIC Capital Advisors is representing the ad hoc group of bondholders of Exela Technologies, a global business process automation company, in connection with its chapter 11 cases, captioned In re DocuData Solutions, Inc. pending in the United States Bankruptcy Court for the Southern District of Texas. These proceedings involve the restructuring of $1.3 billion of funded debt and the ad hoc group is providing a new money DIP facility of up to $80 million.

The SOLIC Team is led by Reid Snellenbarger and Greg Hagood