XEROX CORP: debt financing — Xerox issues additional $100M of 13.5% notes due 2031 for Lexmark acquisition

XEROX CORP

Issued $100M additional 13.5% Senior Secured Second Lien Notes due 2031, bringing total to $500M.
Proceeds to fund part of Lexmark acquisition purchase price and repay Lexmark debt.
Notes initially held in escrow; if Lexmark acquisition not closed by Dec 22, 2025, notes subject to special mandatory redemption at 98% of par.
Upon acquisition close, Xerox Corp assumes issuer obligations; Notes guaranteed by Xerox Holdings and subsidiaries.
Interest 13.5% payable semi-annually starting Oct 15, 2025; redeemable after Apr 15, 2028 at specified prices.

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 $100,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 13.500% per annum maturing due 2031.

Instrument: senior notes
Principal: $100,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 13.500% per annum
Maturity: due 2031
Event: incurrence

Exact text from the filing

Xerox Corporation completed its previously announced private offering of $100,000,000 aggregate principal amount of 13.500% Senior Secured Second Lien Notes due 2031

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Source: SEC EDGAR

accession 0001193125-25-116939

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