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Xerox Holdings Corporation Announces Pricing of Tender Offers for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025
NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the consideration payable in connection with
About this update from Xerox Holdings Corporation
[{"type":"text","content":" NORWALK, Conn.--(BUSINESS WIRE)--\nXerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the consideration payable in connection with the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The table below sets forth the Total Consideration (as defined below) for each series of Notes.\n\n\n\n\nTitle of Security\n\n\n\n\n\n\nCUSIP\nNumber\n\n\n\n\n\n\nPrincipal\nAmount Outstanding\n\n\n\n\n\n\nU.S. Treasury Reference\nSecurity\n\n\n\n\n\n\nBloomberg Reference\nPage\n\n\n\n\n\n\nFixed\nSpread\n\n\n\n\n\n\nEarly Tender\nPayment(1)(2)\n\n\n\n\n\n\nTotal\nConsideration(1)(2\n\n\n\n\n\n\n\n\n3.800% senior notes\ndue 2024\n\n\n\n\n\n\n984121 CJ0\n\n\n\n\n\n\n$300,000,000\n\n\n\n\n\n\nUST 0.250% due 05/15/2024\n\n\n\n\n\n\nFIT3\n\n\n\n\n\n\n+0 bps\n\n\n\n\n\n\n$30\n\n\n\n\n\n\n$997.23\n\n\n\n\n\n\n\n\n5.000% senior notes\ndue 2025\n\n\n\n\n\n\n98421 MAA4;\n\n\n\n\nU98401 AA7\n\n\n\n\n\n\n$750,000,000\n\n\n\n\n\n\nUST 2.000% due 08/15/2025\n\n\n\n\n\n\nFIT4\n\n\n\n\n\n\n+85 bps\n\n\n\n\n\n\n$30\n\n\n\n\n\n\n$989.49\n\n\n\n\n\n\n\n\n(1) \n \n\nPer $1,000 amount.\n\n\n\n\n\n\n\n(2) \n \n\nThe Total Consideration for each series of Notes validly tendered prior to or at the Early Tender Date (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the applicable Early Tender Payment. The Total Consideration for each series of Notes does not include the applicable Accrued Interest (as defined below), which will be payable in addition to the applicable Total Consideration. Capitalized terms are as defined below.\n\n\n\n\n\n\n\nThe tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024 (as amended, the \"Offer to Purchase\"). The tender offers comprise (i) Xerox Holdings’ offer to purchase for cash up to $362 million aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) and (ii) Xerox Corporation’s (“Xerox” and, together with Xerox Holdings, the “Company”) offer to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes” and, together with the 2025 Notes, the “Notes”) (collectively, the “Tender Offers”). The Company refers investors to t...