---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-155007"
form_type: "8-K"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:34:39.825163+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Xerox completes $1.5B Lexmark acquisition; expects accretive synergies of $238M

## Summary
- Total consideration of $1.5B inclusive of net debt and assumed liabilities; combined entity serves 200K+ clients in 170+ countries.
- Financing includes $250M 13% notes due 2030, $327M term loan, $400M 13.5% notes due 2031, and $125M 13% notes due 2026.
- Expects deal to be accretive to 2025 adjusted EPS and FCF; $238M synergies adding >$1/share by end of second year post-close.
- Steve Bandrowczak remains CEO; unified leadership team from both companies.

## SEC filing metadata
- accession: 0001193125-25-155007
- form_type: 8-K
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 2.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000119312525155007/0001193125-25-155007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000119312525155007/d91487d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-155007
- JSON: https://secwatch.observer/filing/0001193125-25-155007.json
- Plain text: https://secwatch.observer/filing/0001193125-25-155007.txt

## Source-grounded claims
- claim_id: 49bafad4a0aa4ad0ebcbf33e729dcdf8388be5f7
  claim: XEROX CORP incurred senior notes of $250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 13.00% per annum maturing 2030.
  evidence_excerpt: Holdings completed its private offering of $250,000,000 aggregate principal amount of 13.00% Senior Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312525155007/0001193125-25-155007-index.htm
- claim_id: ccbdfbc644db54bb1d72118a6acc33b71fe91f18
  claim: XEROX CORP incurred term loan of $327,152,215.80.
  evidence_excerpt: Xerox Corporation made an incremental term loan borrowing of $327,152,215.80 ("Incremental Term Loans") under its First Lien Term Loan Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312525155007/0001193125-25-155007-index.htm
- claim_id: 2b5787e1f1db275cb3e19c9208b1e3b5cacfa6ea
  claim: XEROX CORP completed an acquisition involving Ninestar Group Company Limited for total consideration of $1.5 billion, inclusive of net debt and other assumed liabilities (closed 2025-07-01).
  evidence_excerpt: On July 1, 2025 (the “Closing Date”), Xerox Corporation completed its acquisition of all of the issued and outstanding equity securities of Lexmark for total consideration of $1.5 billion, inclusive of net debt and other assumed liabilities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312525155007/0001193125-25-155007-index.htm

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