Xerox Holdings Corporation Announces Senior Notes Offering
August 03 2020 - 7:27AM
Business Wire
Xerox Holdings Corporation (NYSE: XRX) announced today that it
intends to commence an offering of $400 million aggregate principal
amount of senior notes due 2025 and $400 million aggregate
principal amount of senior notes due 2028, subject to market and
other 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 to use the remaining proceeds for general
corporate purposes.
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.
About Xerox
Xerox 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 platforms,
Xerox delivers a seamless, secure and sustainable experience.
Whether inventing the copier, Ethernet, the laser printer or more,
Xerox has long defined the modern work experience. Learn how that
innovation continues at xerox.com.
Forward-Looking Statements
This release contains “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995 relating to
Xerox’s intention to offer and sell, and apply the net proceeds
from the offer and sale of, the notes. The words “anticipate”,
“believe”, “estimate”, “expect”, “intend”, “will”, “should”,
“targeting”, “projecting”, “driving” and similar expressions, as
they relate to us, our performance and/or our technology, are
intended to identify forward-looking statements. These statements
reflect management’s current beliefs, assumptions and expectations
and are subject to a number of factors that may cause actual
results to differ materially. Factors that could cause actual
results to materially differ include the Company’s failure to
complete the offering, as a result of market conditions or
otherwise, as well as the other risks and other factors that are
set forth in the “Risk Factors” section, the “Legal Proceedings”
section, the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” section and other sections of
Xerox Holdings Corporation’s and Xerox Corporation’s 2019 Annual
Report on Form 10-K, as well as in Xerox Holdings Corporation’s and
Xerox Corporation’s Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K filed with the Securities and Exchange
Commission.
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/20200803005365/en/
Media: Anne Marie Squeo, Xerox, +1-203-849-2374,
AnneMarie.Squeo@xerox.com Investor: Ann Pettrone, Xerox,
+1-203-849-2590, Ann.Pettrone@xerox.com
Xerox (NYSE:XRX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Xerox (NYSE:XRX)
Historical Stock Chart
From Sep 2023 to Sep 2024