{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-247777","form_type":"8-K","ticker":null,"cik":"0000108772","company_name":"XEROX CORP","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.181102+00:00","generated_at":"2026-06-10T06:14:40.569466+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Xerox enters $555M bridge loan at 8.5% to fund Icahn share repurchase; board changes","bullets":["Loan of $555M at 8.50% initial rate, stepping up 0.25% every 90 days; matures in 5 years.","Proceeds used to repurchase 34,245,314 shares from Carl Icahn at $15.84/share.","Board members Lynn, Miller, Nelson resigned; Scott Letier becomes Chairman.","Loan initially unsecured; after Nov 30, 2023, becomes secured with second lien on working capital and first lien on other assets.","Xerox anticipates refinancing loan with permanent financing in near term."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-247777","json":"https://secwatch.observer/filing/0001193125-23-247777.json","markdown":"https://secwatch.observer/filing/0001193125-23-247777.md","text":"https://secwatch.observer/filing/0001193125-23-247777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108772/000119312523247777/0001193125-23-247777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108772/000119312523247777/d472248d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:14:40.569466+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6318599ed33c9f79de809ab765395bfa320db60e","claim":"XEROX CORP incurred term loan of $555,000,000 loan facility with Jefferies Finance LLC at annual rate of 8.50%, payable monthly in arrears, which rate will be increased b maturing five-year anniversary of the closing date.","evidence_excerpt":"On September 28, 2023, Xerox Corporation (“Xerox”), as borrower, its parent company, Xerox Holdings Corporation (the “Company”) and certain of Xerox’s subsidiaries, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with Jefferies Finance LLC (“Jefferies Finance”), as the Administrative Agent, Collateral Agent and Lender pursuant to which Jefferies Finance provided Xerox with a $555,000,000 loan facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/108772/000119312523247777/0001193125-23-247777-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$555,000,000 loan facility"},{"label":"Counterparty","value":"Jefferies Finance LLC"},{"label":"Rate","value":"annual rate of 8.50%, payable monthly in arrears, which rate will be increased b"},{"label":"Maturity","value":"five-year anniversary of the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"06133cfffd8b7cfafbbbb2b5871985d1369583f9","claim":"XEROX CORP entered into Credit Agreement with Jefferies Finance LLC valued at $555,000,000 loan facility (effective 2023-09-28).","evidence_excerpt":"On September 28, 2023, Xerox Corporation (“Xerox”), as borrower, its parent company, Xerox Holdings Corporation (the “Company”) and certain of Xerox’s subsidiaries, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with Jefferies Finance LLC (“Jefferies Finance”), as the Administrative Agent, Collateral Agent and Lender pursuant to which Jefferies Finance provided Xerox with a $555,000,000 loan facility (the “Loan Facility”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/108772/000119312523247777/0001193125-23-247777-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Jefferies Finance LLC"},{"label":"Value","value":"$555,000,000 loan facility"},{"label":"Effective","value":"2023-09-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}