secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001193125-25-116939
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xerox issues additional $100M of 13.5% notes due 2031 for Lexmark acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000119312525116939/0001193125-25-116939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000119312525116939/d830289d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-116939

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