secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001193125-25-079163
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/0001193125-25-079163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000119312525079163/d836665d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-079163

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