secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001193125-24-076544
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/0001193125-24-076544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000119312524076544/d761995d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-076544

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