Xerox Corporation Announces the Successful Pricing of $800 million Senior Secured Notes
Xerox Corporation has successfully priced an offering of $800 million in senior secured notes, comprising $400 million in 10.250% Senior Secured First Lien Notes due 2030 and $400 million in 13.500% Senior Secured Second Lien Notes due 2031. The proceeds from the First Lien Notes will be used to redeem a portion of Xerox’s 5.000% Senior Notes due 2025 and for general corporate purposes, including repayment of a term loan. The proceeds from the Second Lien Notes are intended to fund a portion of the acquisition of Lexmark International II, LLC and repay Lexmark's outstanding debt.
https://industryanalysts.com/033125_xerox/