---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-076544"
form_type: "8-K"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:20:21.814284+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xerox closes $500M 8.875% senior notes offering and upsizes convert note offering to $400M

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-076544
- form_type: 8-K
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/0001193125-24-076544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/d761995d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-076544
- JSON: https://secwatch.observer/filing/0001193125-24-076544.json
- Plain text: https://secwatch.observer/filing/0001193125-24-076544.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/0001193125-24-076544-index.htm
- Material Agreements
  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
  source text: Xerox Holdings Corporation (the “Company”) completed its previously announced private offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/0001193125-24-076544-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.