Ropes & Gray Advises Ad Hoc Group of Bondholders of Exela Technologies in $1.3 Billion Restructuring

Ropes & Gray 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 Ropes & Gray team included business restructuring partners Matthew Roose and Ryan Preston Dahl and associates Eric Sherman and Eric Schriesheim, finance partners Sam Badawi and Jennifer Harris and counsel Brett Pearlman, M&A partners David Harris and Jackie Cohen, and tax partners Benjamin Rogers and Amanda Holt.