Xerox Holdings Corporation Announces Pricing of Upsized Senior Notes Offering

Core Viewpoint - Xerox Holdings Corporation has announced a $500 million offering of 8.875% Senior Notes due 2029, with the offering size increased by $100 million from the initial announcement [1]. Group 1: Offering Details - The Notes will be issued at a price of 100% of their principal amount [1]. - The expected closing date for the sale of the Notes is March 20, 2024, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the sale of the Notes will be used to refinance all outstanding 3.800% Senior Notes due 2024 and a portion of the 5.000% Senior Notes due 2025 [1]. - Additional uses include repaying, repurchasing, or redeeming a portion of other outstanding indebtedness and covering related fees and expenses [1]. Group 3: Company Background - Xerox has over 100 years of experience in redefining workplace experiences, focusing on office and production print technology, software, and services [4]. - The company aims to deliver client-centric and digitally-driven technology solutions to meet the needs of a global, distributed workforce [4].