Xerox Prices $500 Million of 2029 Notes-February 2024-www.financetom.com

Xerox Prices $500 Million of 2029 Notes

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Xerox Prices $500 Million of 2029 Notes

Mar 7, 2024 2:12 AM

04:59 AM EST, 03/07/2024 (MT Newswires) -- Xerox (XRX) said late Wednesday it priced an offering of $500 million of 8.875% senior notes due 2029 at 100% of the principal amount.

The company said it increased the size of the offering by $100 million.

The company intends to use the net proceeds to refinance all of its outstanding 3.80% senior notes due 2024 and a portion of its 5% senior notes due 2025 and repay, repurchase, or redeem a portion of its debt.

The sale will likely close on March 20.

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