Quinpario Acquisition Corp. 2 (Nasdaq:QPAC) (Nasdaq:QPACW)
(Nasdaq:QPACU) (“Quinpario”), a publicly traded special purpose
acquisition company, announced today that its subsidiaries, Exela
Intermediate LLC (the “Issuer”) and Exela Finance Inc. (the
“Co-Issuer”), successfully priced their previously announced
offering of $525 million aggregate principal amount of
first-priority senior secured notes due 2023 (the “Notes”) and also
upsized the offering to $1,000 million of aggregate principal
amount of the Notes. The Notes are being issued to finance,
in part, the pending business combination of SourceHOV, LLC,
(“SourceHOV”), Novitex Holdings, Inc. (“Novitex”) and Quinpario
pursuant to which SourceHOV and Novitex will each become
subsidiaries of the Issuer (the “Business Combination”), and
certain related transactions that were previously disclosed in the
definitive proxy statement filed by Quinpario with the Securities
and Exchange Commission on June 26, 2017. The Business Combination
is expected to close in July 2017.
The Notes offering is expected to close within nine
business days, and if such date occurs prior to the date of closing
of the Business Combination, then the proceeds from the Notes
offering will be placed into escrow until the satisfaction of
certain escrow release conditions, including completion of the
Business Combination.
The Notes will be offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act of 1933, as amended (the “Securities Act”), and outside the
United States, only to non-U.S. investors pursuant to Regulation S.
The Notes will not be registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States absent an effective registration
statement or an applicable exemption from registration requirements
or a transaction not subject to the registration requirements of
the Securities Act or any state securities laws.
This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any security and shall
not constitute an offer, solicitation or sale in any jurisdiction
in which such offering, solicitation or sale would be unlawful.
This press release is being issued pursuant to and in accordance
with Rule 135c under the Securities Act.
About SourceHOV
SourceHOV is a global TPS and EIM leader, providing
services and solutions for high-volume, mission-critical processes
to blue chip customers across 55 countries, including majority of
the FORTUNE® 100. SourceHOV comprises 16,000 employees and operates
over 120 delivery centers across the Americas, Europe and Asia,
offering scalable technology platforms, hosted on premise and/or in
a cloud environment, to a wide range of industries including
financial services, healthcare, public sector, insurance, and
legal. For more information, please visit www.sourcehov.com.
About Novitex
Novitex is a technology-based, managed services
provider that offers a range of mail, print, communications and
back office solutions. With a suite of offerings, Novitex manages
and connects a document’s full life cycle, breaking down
operational silos to create more efficient, cost-effective
workflows. For nearly 30 years, FORTUNE® 500, Am Law 200® and
federal clients have depended on Novitex to manage their business
processes. Today, Novitex supports 400 clients across North America
with its tech-driven, end-to-end solutions and 7,000 employees. For
more information, please visit www.novitex.com.
About Quinpario
Quinpario is a special purpose acquisition company
that completed its initial public offering in January 2015.
Quinpario was formed for the purpose of acquiring one or more
businesses through a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination. Quinpario is sponsored by Quinpario Partners 2, LLC,
which was formed for the expressed purpose of acting as the sponsor
for Quinpario. Quinpario Partners 2, LLC is an affiliate of
Quinpario Partners LLC, an investment and operating company founded
by Mr. Jeffry N. Quinn, former chairman, president and chief
executive officer of Solutia Inc. For more information, please
visit www.quinpario.com.
Forward-Looking Statements
Certain statements made herein are not historical
facts but are forward-looking statements for purposes of the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995. Forward-looking statements generally are accompanied
by words such as “may”, “should”, “would”, “plan”, “intend”,
“anticipate”, “believe”, “estimate”, “predict”, “potential”,
“seem”, “seek”, “continue”, “future”, “will”, “expect”, “outlook”
or other similar words, phrases or expressions. These
forward-looking statements include statements regarding our
industry, future events, the Business Combination between the
Company, SourceHOV and Novitex, the estimated or anticipated future
results and benefits of the combined company following the
transaction, including the likelihood and ability of the parties to
successfully consummate the Business Combination and satisfy the
escrow release conditions, if applicable, future opportunities for
the combined company, and other statements that are not historical
facts. These statements are based on the current expectations of
the Company, SourceHOV and Novitex management and are not
predictions of actual performance. These statements are subject to
a number of risks and uncertainties regarding the Company’s,
SourceHOV’s and Novitex’s respective businesses and the
transaction, and actual results may differ materially. These risks
and uncertainties include, but are not limited to, changes in the
business environment in which SourceHOV and Novitex operate,
including inflation and interest rates, and general financial,
economic, regulatory and political conditions affecting the
industry in which SourceHOV and Novitex operate; changes in taxes,
governmental laws, and regulations; competitive product and pricing
activity; difficulties of managing growth profitably; the loss of
one or more members of the Company, SourceHOV or Novitex management
teams; the inability of the parties to successfully or timely
consummate the Business Combination, including the risk that the
required regulatory approvals are not obtained, are delayed or are
subject to unanticipated conditions that could adversely affect the
combined company or the expected benefits of the transaction or
that the approval of the stockholders of the Company is not
obtained; failure to realize the anticipated benefits of the
transaction, including as a result of a delay in consummating the
transaction or a delay or difficulty in integrating the businesses
of the Company, SourceHOV and Novitex; uncertainty as to the
long-term value of the Company’s common stock; the inability to
realize the expected amount and timing of cost savings and
operating synergies; those discussed in the Company’s Annual Report
on Form 10-K for the year ended December 31, 2016 under the heading
“Risk Factors,” as updated from time to time by the Company’s
Quarterly Reports on Form 10-Q and other documents of the Company
on file with the SEC or in the definitive proxy statement that will
be filed with the SEC by the Company. There may be additional risks
that neither the Company, SourceHOV or Novitex presently know or
that the Company, SourceHOV or Novitex currently believe are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements provide the Company’s, SourceHOV’s and
Novitex’s expectations, plans or forecasts of future events and
views as of the date of this communication. The Company, SourceHOV
and Novitex anticipate that subsequent events and developments will
cause the Company’s, SourceHOV’s and Novitex’s assessments to
change. However, while the Company, SourceHOV and Novitex may elect
to update these forward-looking statements at some point in the
future, the Company, SourceHOV and Novitex specifically disclaim
any obligation to do so. These forward-looking statements should
not be relied upon as representing the Company’s, SourceHOV’s and
Novitex’s assessments as of any date subsequent to the date of this
communication.
For Information Contact:
Investor and Industry Inquiries
Melissa H. Zona
Quinpario Acquisition Corp. 2
mhzona@quinpario.com
636-751-4057
Exela Technologies (PK) (USOTC:XELAW)
過去 株価チャート
から 8 2024 まで 9 2024
Exela Technologies (PK) (USOTC:XELAW)
過去 株価チャート
から 9 2023 まで 9 2024