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Xerox Holdings Corporation Announces Proposed Add-on Offering of Senior Notes
NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NYSE: XRX) announced today that it intends to commence an add-on offering of its 5.000% senior
About this update from Xerox Holdings Corporation
[{"type":"text","content":" NORWALK, Conn.--(BUSINESS WIRE)--\nXerox Holdings Corporation (NYSE: XRX) announced today that it intends to commence an add-on offering of its 5.000% senior notes due 2025 (the “additional 2025 notes”) and its 5.500% senior notes due 2028 (the “additional 2028 notes” and, together with the additional 2025 notes, the “additional notes”), subject to market and other conditions.\n\n\nThe additional 2025 notes will be issued under the existing indenture pursuant to which Xerox previously issued $550 million aggregate principal amount of its 5.000% senior notes due 2025, all of which remain outstanding. The additional 2028 notes will be issued under the existing indenture pursuant to which Xerox previously issued $550 million aggregate principal amount of its 5.500% senior notes due 2028, all of which remain outstanding. The additional notes will be fully and unconditionally guaranteed by Xerox Corporation.\n\n\nXerox intends to use the net proceeds from the offering of the additional notes to repurchase, redeem, repay or otherwise retire a portion of the 4.500% senior notes due 2021 of Xerox Corporation on or prior to December 31, 2020.\n\n\nThe additional 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 additional 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 shall not constitute an offer to sell or a solicitation of an offer to buy the additional notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.\n\n\nAbout Xerox\n\n\nXerox Holdings Corporation makes every day work better. We are a workplace technology company building and integrating software and hardware for enterprises large and small. As customers seek to manage information across digital and physical...