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Xerox Holdings Corporation Announces Offering of Senior Unsecured Notes
NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) today announced that it is offering, subject to market conditions, up to $400
About this update from Xerox Holdings Corporation
[{"type":"text","content":" NORWALK, Conn.--(BUSINESS WIRE)--\nXerox Holdings Corporation (NASDAQ: XRX) today announced that it is offering, subject to market conditions, up to $400 million in aggregate principal amount of Senior Notes due 2029 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Xerox Corporation and each of the company’s other domestic restricted subsidiaries that guarantees any of the company’s existing senior credit facilities.\n\n\nThe company intends to use the net proceeds from the sale of the Notes to refinance its 3.800% Senior Notes due 2024 (“2024 Notes”) and a portion of its 5.000% Senior Notes due 2025 through a tender offer and/or a redemption and to pay related fees and expenses in connection with such transactions. The aggregate principal amount of the 2024 Notes currently outstanding is $300 million.\n\n\nThis press release does not constitute (i) an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes or (ii) a notice of redemption for purposes of the redemption provisions of the indenture governing the 2024 Notes or the 2025 Notes. Any tender offer will be made solely pursuant to an offer to purchase to the holders of the 2024 Notes and the 2025 Notes.\n\n\nThe Notes and the related guarantees are being offered and sold to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933 (as amended, the “Securities Act”) and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been registered for sale under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.\n\n\nThis press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes, the related guarantees or any other security, and shall not constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.\n\n\nAbout Xerox Holdings Corporation (NASDAQ: XRX)\n\n\nFor more than 100 years, Xerox has continually redefi...