---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-079163"
form_type: "8-K"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2025-04-11T23:59:59+00:00"
generated_at: "2026-05-23T15:55:51.875635+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Xerox completes $800M notes offering to redeem 2025 notes and fund Lexmark acquisition

## Summary
- Issued $400M of 10.250% Senior Secured First Lien Notes due 2030 and $400M of 13.500% Senior Secured Second Lien Notes due 2031.
- Net proceeds from First Lien Notes used to redeem $90M of 5.000% Senior Notes due 2025 and repay $95M term loan.
- Second Lien Notes proceeds to partially fund the Lexmark acquisition and repay Lexmark's outstanding debt.
- First Lien Notes secured on first-priority basis by fixed asset collateral; Second Lien Notes escrowed pending Lexmark closing.
- If Lexmark acquisition not consummated by Dec 22, 2025, Second Lien Notes subject to special mandatory redemption at 100% plus interest.

## SEC filing metadata
- accession: 0001193125-25-079163
- form_type: 8-K
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2025-04-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/0001193125-25-079163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/d836665d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-079163
- JSON: https://secwatch.observer/filing/0001193125-25-079163.json
- Plain text: https://secwatch.observer/filing/0001193125-25-079163.txt

## Key facts
- Debt Financings
  XEROX CORP incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 10.250% maturing 2030.
  - Instrument: senior notes
  - Principal: $400,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 10.250%
  - Maturity: 2030
  - Event: incurrence
  source text: Xerox Corporation and Xerox Issuer Corporation, a wholly-owned subsidiary of Xerox Corporation (“Escrow Issuer”), completed their previously announced private offering of (i) $400,000,000 aggregate principal amount of 10.250% Senior Secured First Lien Notes due 2030 (the “First Lien Notes”) issued by Xerox Corporation
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/0001193125-25-079163-index.htm
- Debt Financings
  XEROX CORP incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 13.500% maturing 2031.
  - Instrument: senior notes
  - Principal: $400,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 13.500%
  - Maturity: 2031
  - Event: incurrence
  source text: (ii) $400,000,000 aggregate principal amount of 13.500% Senior Secured Second Lien Notes due 2031 (the “Second Lien Notes” and together with the First Lien Notes, the “Notes”) issued by the Escrow Issuer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/0001193125-25-079163-index.htm

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