---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-053333"
form_type: "8-K"
ticker: null
cik: "0000108772"
company_name: "XEROX CORP"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:19:35.748919+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xerox raises $450M via JV with TPG; IP contribution underpins new financing

## Summary
- Joint Venture with TPG funded $405M senior secured term loans and $45M preferred equity, total $450M.
- Proceeds distributed to Xerox for liquidity, Lexmark integration, and potential debt reduction.
- Xerox contributed certain IP assets to JV; retains full license to use Xerox name and trademarks.
- Financing strengthens balance sheet; complements prior liquidity actions from fall 2025.
- COO Louie Pastor expects >$200M operating income growth in 2026 from acquisitions and transformation.

## SEC filing metadata
- accession: 0001193125-26-053333
- form_type: 8-K
- cik: 0000108772
- company_name: XEROX CORP
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108772/000119312526053333/0001193125-26-053333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108772/000119312526053333/d74418d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-053333
- JSON: https://secwatch.observer/filing/0001193125-26-053333.json
- Plain text: https://secwatch.observer/filing/0001193125-26-053333.txt

## Key facts
- Material Agreements
  XEROX CORP entered into Shared Services and License Agreement with IPCo Holdings, IPCo, and Holdings (effective 2026-02-17).
  - Action: entry
  - Agreement: license
  - Counterparty: IPCo Holdings, IPCo, and Holdings
  - Effective: 2026-02-17
  source text: On February 17, 2026, in connection with the formation of the Joint Venture, Holdings, Xerox, IPCo Holdings and IPCo entered into a Shared Services and License Agreement (the “ SSLA ”), pursuant to which (i) Holdings agreed to provide certain services to IPCo Holdings and IPCo and (ii) IPCo granted a worldwide royalty-free, non-exclusive, non-assignable, and sublicensable license in the Contributed IP to Xerox and, at the election of Holdings, certain of its subsidiaries
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312526053333/0001193125-26-053333-index.htm
- Material Agreements
  XEROX CORP entered into Credit Agreement with Alter Domus (US) LLC, as administrative agent and collateral agent, and the lending institutions from time to time party thereto valued at $405,000,000 (effective 2026-02-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Alter Domus (US) LLC, as administrative agent and collateral agent, and the lending institutions from time to time party thereto
  - Value: $405,000,000
  - Effective: 2026-02-17
  source text: On February 17, 2026 (the “ Closing Date ”), IPCo Holdings, as borrower, entered into that certain credit agreement (the “ Credit Agreement ”) with Alter Domus (US) LLC, as the administrative agent and the collateral agent, and the lending institutions from time to time party thereto, as lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108772/000119312526053333/0001193125-26-053333-index.htm

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