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Xerox Holdings Corporation Announces Pricing of Senior Notes OfferingXerox Holdings Corporation (NYSE:XRX) announced today that it has priced an offering of $550 million aggregate principal amount of 5.000% senior notes due 2025 and $550 million aggregate principal amount of 5.500% senior notes due 2028. The notes were priced at par. The offering is expected to close on August 6, 2020, subject to customary closing conditions. The notes will be fully and unconditionally guaranteed by Xerox Corporation. Xerox intends to use the net proceeds from this offering to repay at maturity $362 million aggregate principal amount of 3.500% senior notes due 2020 of Xerox Corporation and $376 million aggregate principal amount of 2.750% senior notes due 2020 of Xerox Corporation, and Xerox intends to use the balance of net proceeds primarily to repay the 4.500% senior notes due 2021 of Xerox Corporation at or prior to maturity. The 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. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the 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.
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Forward-Looking Statements
These forward-looking statements speak only as of the date of this release or as of the date to which they refer, and Xerox assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law. Note: To receive RSS news feeds, visit https://www.news.xerox.com. For open commentary, industry perspectives and views, visit http://twitter.com/xerox, http://www.facebook.com/XeroxCorp, https://www.instagram.com/xerox/, http://www.linkedin.com/company/xerox, http://www.youtube.com/XeroxCorp. Xerox® is a trademark of Xerox Corporation in the United States and/or other countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20200804006067/en/ |