XBP Europe Shares Halted On Circuit Breaker To The Upside, Stock Now Up 31.3%
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XBP Europe Shares Halted On Circuit Breaker To The Upside, Stock Now Up 31.3%
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The new $48 million1 financing agreement consists of: (i) a $4 million Term Loan A facility ("Term Loan A"), (ii) an $11 million Term Loan B facility ("Term Loan B" and, together with Term Loan A, the "Term Loans"), and (iii) a $15 million multicurrency revolving credit facility (the "Revolving Credit Facility"), all at an applicable reference rate plus 3.25%, plus an accordion feature for up to an additional $18 million. The Term Loans have a maturity of four years post completion, while the Revolving Credit Facility has a maturity of three years with an option to extend up to an additional year at HSBC's discretion. The availability of the accordion is subject to HSBC's discretion.
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
4 - XBP Europe Holdings, Inc. (0001839530) (Issuer)
SC 13D/A - XBP Europe Holdings, Inc. (0001839530) (Subject)
SC 13D/A - XBP Europe Holdings, Inc. (0001839530) (Subject)
Third Quarter Highlights Revenue of $35.4 million, decrease of 5.6% year-over-year and increase of 5.5% sequentiallyGross margin increased to 32.6%, a 800 bps increase year-over-year and 1,300 bps increase sequentiallyOperating profit of $2.5 million, an increase of $2.2 million year-over-year and $3.8 million sequentiallyNet loss of $2.8 million includes $0.7 million of FX losses, a decrease of $0.1 million year-over-year and $2.0 million sequentiallyAdjusted EBITDA from continuing operations of $4.8 million, an increase of $2.6 million year-over-year and $3.6 million sequentiallyAnnounced plans to divest on-demand printing operation LONDON and SANTA MONICA, Calif.
IRVING, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reaktr, the global business unit of Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP)), XBP Europe ("XBP") (NASDAQ:XBP, XBPEW)), and a member of the Oracle Partner Network (OPN), today announced the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace. A pivotal component of Reaktr's innovative AI cybersecurity suite, SecAi provides enterprises with a fully configurable generative AI validation framework that supports 120+ large language models (LLMs). Enterprises can now validate components, including training data, LLMs of choice, enterprise integrations, and responsible int
Second Quarter Highlights ● Revenue of $36.1 million, down 14.8% year-over-year (14.2% on a constant currency basis)● Gross margin declined to 18.4%, a 630 bps decrease sequentially and 920 bps decrease year-over-year● Net loss of $4.7 million includes $0.7 million of FX losses ● Active revenue ramp of approximately $25 million in ACV (Annual Contract Value)● Completed a comprehensive financing transaction with HSBC to provide up to $33 million of incremental liquidity LONDON and SANTA MONICA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. ("XBP Europe" or the "Company") (NASDAQ:XBP), a pan-European integrator of bills, payments, and related solut
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)
10-Q - XBP Europe Holdings, Inc. (0001839530) (Filer)
8-K - XBP Europe Holdings, Inc. (0001839530) (Filer)