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Why Exela Technologies Stock Jumped 12% on Thursday

·2 min read
Why Exela Technologies Stock Jumped 12% on Thursday
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Shares of Exela Technologies (NASDAQ: XELA) jumped on Thursday after the company announced a debt tender offer to try to refinance its debt. Yesterday, Exela put out a press release for a tender offer for some of its outstanding debt securities. A tender offer is an offer from a company to its debtholders to repurchase a set amount of bonds at a predetermined price.