Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Xerox Holdings upsizes senior notes offering to $500 million

EditorLina Guerrero
Published 03/06/2024, 08:55 PM
© Reuters.
XRX
-

NORWALK, Conn. - Xerox (NASDAQ:XRX) Holdings Corporation (NASDAQ: XRX), a leader in print technology and services, has announced the pricing of a $500 million offering of 8.875% Senior Notes due in 2029. The offering, initially expected to be $400 million, was increased by $100 million.

The company has stated its intention to use the net proceeds from the sale of the notes to refinance its existing 3.800% Senior Notes due 2024 and a portion of its 5.000% Senior Notes due 2025. Additionally, funds will go towards repaying, repurchasing, or redeeming a portion of other outstanding debts and covering related fees and expenses.

The sale of the notes is anticipated to be finalized on March 20, 2024, contingent on customary closing conditions being met. The notes, along with related guarantees, are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S of the Securities Act of 1933.

These notes and their related guarantees have not been registered under the Securities Act or any state securities laws and, therefore, cannot be offered or sold in the United States without registration or an exemption from registration requirements.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy the notes or any other security and is not an offer, solicitation, or sale in any jurisdiction or to any person where such offering, solicitation, or sale would be unlawful.

Xerox Holdings Corporation has been at the forefront of workplace innovation for over a century, evolving from a focus on office and production print technology to software and services that support today's hybrid work environments. The company continues to innovate, providing technology solutions and financial services essential for a global, distributed workforce.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.