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NORWALK, Conn. – Xerox Holdings Corporation (NASDAQ: XRX) today announced plans to issue up to $400 million in aggregate principal amount of senior notes due 2029.
The offering is subject to market conditions and includes guarantees from Xerox Corporation (NASDAQ:) and other domestic subsidiaries supporting the company's current senior credit facility.
The proceeds from the sale will be used to refinance a portion of the company's existing debt, specifically its 3.800% senior notes due in 2024, of which $300 million is outstanding, and a portion of its 5.000% senior notes due in 2025. Refinancing strategies include tender offers and/or. or a combination of redemption and payment of related transaction fees and expenses.
The Notes and their guarantees are being offered to qualified institutional purchasers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons outside the United States under Regulation S of that Act. These securities have not been registered under the Securities Act or any state securities laws and are subject to restrictions on sale in the United States without registration or exemption.
Xerox is a company with more than a century of history that has evolved from a strong foundation in office and production print technology to offer a variety of software and services designed for the hybrid workplace. The company remains focused on providing technology solutions that meet the needs of employees around the world.
The information contained in this announcement is based on the statements in the press release.
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