Why Exela Technologies Stock Jumped 12% on Thursday

Why Exela Technologies Stock Jumped 12% on Thursday

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.