XEROX CORP: debt financing — Xerox closes $500M 8.875% senior notes offering and upsizes convert note offering to $400M

XEROX CORP

Issued $500M aggregate principal of 8.875% Senior Notes due 2029; net proceeds ~$493M after fees.
Full exercise of over-allotment option on 3.75% Convertible Senior Notes due 2030 raised additional $50M, total gross $400M.
Proceeds used to refinance $82.8M of 3.800% notes due 2024 and $362M of 5.000% notes due 2025.
Notes are senior unsecured, guaranteed by Xerox Corp and Xerox Business Solutions LLC.
Early settlement of cash tender offers repurchased $82.8M and $362M of the targeted notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

XEROX CORP incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 8.875% maturing due 2029.

Instrument: senior notes
Principal: $500 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.875%
Maturity: due 2029
Event: incurrence

Exact text from the filing

On March 20, 2024, Xerox Holdings Corporation (the “Company”) completed its previously announced private offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XEROX CORP entered into a notes offering valued at $500 million aggregate principal amount (effective 2024-03-20).

Action: entry
Agreement: notes offering
Value: $500 million aggregate principal amount
Effective: 2024-03-20

Exact text from the filing

Xerox Holdings Corporation (the “Company”) completed its previously announced private offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-24-076544

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.